Researches In Recognition And Measurement Of Ocean Shipping Revenue

The ocean shipping industry has shaped a respective scale for long-great development. Some large domestic ocean shipping companies have shared a portion of world shipping market, such as COSCO, China Shipping, Sinatrans Limited, etc. On the development of shipping companies, it is important for accounting system to recognize and measure shipping revenue. However, during the investigation to several representational shipping companies, the author found that recognition and measurement of shipping revenue were not fully compliance with related revenue theories and policy, even contradiction exited in some cases. Therefore, this dissertation will conduct research in recognition and measurement of shipping revenue for the ocean companies, and analyze the problems in existence.This thesis proceeds from accrual basis and realization principle, and on the basis of investigation from several shipping companies, questions on treat with recognition and measurement of shipping revenue currently, and then brings forward reasonable methods.There are five chapters in this thesis. The first two chapters introduce and analyze revenue theories and principles, as theory basis of whole article. The rest three chapters will analyze the way of recognition and measurement of ocean shipping companies nowadays, and point out the problems existing, then bring forward the appropriate way of doing, finally the article will introduce accounting for shipping revenue.Chapter 1 is "exordium". This chapter will analyze the business situation of ocean, and point out that it is very vital and urgent for ocean shipping companies to enhance recognition and measurement of shipping revenue, In this chapter, related accounting concept are made clear, and the way and method of research in this article are stated.Chapter 2 is "theory of recognition and measurement of revenue". The article will probe the recognition of revenue under the basis of accrual basis, realization principle and matching principle, so the three principles will be introduced first. Besides, time,amounts, conditions and way of recognition of revenue will also be dissertated. As to measurement of revenue, discount, revenue amounts will be dissertated.Chapter 3 will "analyze the recognition and measurement for shipping revenue of ocean shipping companies". This article will probe the way of recognition and measurement of ocean shipping revenue nowadays and point out the problems existing basis on the investigation to several typical ocean shipping companies.Chapter 4 will "probe the way of recognition and measurement of ocean shipping company. The chapter will dissertate the recognition and measurement of ocean shipping companies from approaches and basis on related principles and regulations.Chapter 5 will "design a new way of accounting for revenue of ocean shipping company". In this chapter, the revenue of ocean shipping company will be classified, and accounting for the revenue will be different accordingly. Finally, the article will give examples of accounting for revenue of some shipping voyages of China Shipping.