Research On Coal Sales Revenue Recognition

Income is an important source of corporate earnings, which can reflect the company’soperating results and the potential for development. But revenue recognition is also one ofthe most complex accounting recognition problems. In the context of large enterprises andenterprise group development of our coal enterprises,because of the continuous innovationof business control mode, the continuous expansion of business scale, and the increasinglycomplex of the coal sales,strengthening the research and specification of enterprise coalsales revenue recognition has became an urgent problem.Under the framework of the current income guidelines, this paper takes DongPang ofJiZhong Energy Corporation for the study. Based on existing research, the paperinvestigates and analyses this enterprise’s coal sales revenue in order to solve theirproblems. As for a further comment, the paper proposes rationalization related to coal salesrevenue recognition issues.The paper is divided into five parts:The first part is Introduction.This section describes the background of the topics,leading to the direction of this thesis. Next, this part introduces revenue theory both athome and abroad. Finally it elaborates this paper’s main research content, research methodsand innovation.The second part is the theoretical basis of revenue recognition, such as the theory ofthe main revenue recognition, basic principles, conditions. Aad this part also gives aseparate presentation of the new trends of IASB and FASB revenue recognition.The third and the fourth part is the cases analysis of DongPang of JiZhong EnergyCorporation. This part first describes the basic situation of enterprises, leading to theproblems existing in the revenue recognition process. By analysing when and how torecognise revenue this text solves the practical problems encountered in the enterprise.Andstarting from specific coal sales business processes in all aspects of the analysis of therevenue recognition point in time can avoid timely revenue recognition practice caused dueto different types of billing methods.The fifth part is the coal sales revenue recognition recommendations. The idea of"specific to the general" provides a good way to analyze the reasonable choice of coalenterprise management mode, the sales characteristics as well as the timing of revenuerecognition. Further more, this part also propose the protection of the operation and management of the the coal enterprise sales revenue recognition.In the end of this paper is Conclusion. This paper gives a comprehensive summary ofthe main contents of this article and pointed out the limitations of this article to provideadvice and ideas for further study.