Archival data is the ocean of data, and data is an inseparable part of archives. Archival data, which is an important part of national data resources, can be made more valuable in the context of data becoming a new factor of productionLet's take a lookIngest data assets into a tableThis is a crucial step!
On December 1, China's first industrial data asset registration and evaluation platform was launched for trial operation in WuhanThe platform provides registration and evaluation services for industrial data resourcesAt present, four cities have achieved interconnection and mutual recognition in Wuhan, Qingdao, Xiamen and Lanzhou. On December 5, the "Data Asset Confirmation Work Guide" led by Zhejiang Institute of Standardization was officially implementedThe guidance fills a gap in the criteria for data asset validationIt has become the first provincial-level local standard for data asset recognition in China. Unsurprisingly, there will be a number of initiatives or details related to data assets before the end of the year. In accordance with the Ministry of Finance's Interim Provisions on the Accounting Treatment of Enterprise Data ResourcesFrom January 1, 2024, data resources will be included in the financial statements as an asset. This means that the countdown to the entry of data assets into the table has begunThe much-talked-about data element market is expected to be truly activated. (**Economy**).
The concept of data assets in a table
Data asset inclusion refers to the recognition of data as an "asset" in the balance sheet of the enterprise, that is, the data asset is included in the balance sheet and its true value and business contribution are reflected in the financial statements.
On August 21, 2023, the Ministry of Finance (MOF) issued the Interim Provisions on the Accounting Treatment of Enterprise Data Resources (the "Interim Provisions"), which addresses the doubts about whether data resources can be recognized as accounting assets and what type of assets they are "included in" in practice, and clarifies the basis for measurement. The Interim Provisions will come into force on January 1, 2024, and the pace of policy implementation can be described as exceeding expectationsIt is not difficult to see the country's firm determination to use data as a factor of production.
Interim ProvisionsThe disclosure of information related to data resources has been further strengthenedIt will help to provide accounting information support for relevant regulatory authorities to improve the digital economy governance system and strengthen macro management, and also provide useful information for investors and other report users to understand the value of enterprise data resources and improve decision-making efficiency.
The significance of adding data assets to a table
According to the "Research Report on the Development of China's Digital Economy (2023)" released by the China Academy of Information and Communications Technology, the scale of China's digital economy will reach 50 in 20222 trillion yuan, a nominal increase of 10 percent year-on-year3%, has been significantly higher than the nominal GDP growth rate in the same period for 11 consecutive years, and the proportion of the digital economy in GDP is equivalent to the proportion of the secondary industry in the national economy, reaching 415%。In 2022, the total factor productivity of China's digital economy will be 175, an increase of 009. The productivity level and year-on-year growth rate of the digital economy are significantly higher than the overall national economic production efficiency. The intangible assets and data valorization have increasingly become the distinctive features of data enterprises that distinguish them from other enterprises.
AlthoughData resources have become one of the important factors of production in the era of digital economyHowever, because traditional accounting adheres to the concept of conservatism, it usually adopts stricter accounting standards than external intangible assets and tangible physical assets with greater uncertainty within the enterprise, which makes endogenous intangible assets rich in economic value such as data not reflected in the financial statements for a long time.
After the implementation of the Interim Provisions, data resources will be entered into the financial statements of enterprises in the form of assetsThe data elements that create value for the enterprise will be recognized as data assetsThis solves the outstanding accounting problem of enterprises in the era of digital economy, that is, comprehensively reflects the impact of various production factors including data on the financial status, operating results and cash flow of enterprisesData completes the leap from natural resources to economic assetsIt helps to manifest the value of data resources, enhance the awareness of enterprise data assets, effectively reflect the investment and income of enterprises in data elements, thicken enterprise assets, promote the circulation and use of data, cultivate the data industry ecology, meet financing needs, and assist the state to strengthen the overall management of the data element market.
Impact of data assets being added to the table
The inclusion of data assets in the table is not only of great significance to the development of the digital economy, but also provides strong support for the upgrading of traditional industries and the transformation and upgrading of China's economy. It is the first step to promote data assetization and a key step in the development of the data element market. In this regard, it is necessary for enterprises to establish an effective data asset management system as soon as possible, and plan and formulate the whole life cycle management process of data assets from the aspects of data asset development strategy and management mechanism to ensure the compliant, safe and reliable use of data assets.
However, it should be pointed out that compared with traditional production factors such as labor and land, the realization of the value of data assets depends more on efficient circulation and use, and only through the continuous flow, aggregation and processing of data will its value have a multiplier effect. Therefore,It is necessary to pay attention to the legal protection of the legitimate rights and interests of participants in the data element market from the legal level, and at the same time strengthen the supervision of the data element market, so as to provide a strong guarantee for the compliant use and value realization of data assets.
Digital archives management is open to the whole network
The call for papers column includes "Digital Window", "File Technology", "File Theory Jingwei", "Digital File School", and the stories of archivists. Submission email:[email protected]
The content of the manuscript must be original and closely related to the theme, and the subject column of the email should be indicated in the style of "time-name-"article name"-(column submission)", and the text indicates that *** shall not be plagiarized, and more than one manuscript will be submitted, if there is no feedback after five days, you can deal with it yourself. (See Call for Papers).
*: Economy**, Guomai Asset Network** is only for sharing, invasion and deletion) Submission email: 1423796914@qqcom plus WeChatIngress flow.