Research On Revenue Recognition And Measurement Of Education-training Enterprise

In recent years,with the development of economy and the comprehensive reform of education,education and training industry,as an important supplement of public education,is becoming more and more significant in the national education system.At the same time,however,problems of revenue accounting in education and training industry are increasingly serious.Because of the diversity of profit model and the innovation with the popularity of information technology,the lack of relevant guidelines leads to randomness on accounting,lowering the quality of financial reporting information.Study on revenue is very important to the field of accounting,and the same to any enterprise.In order to solve problems in revenue recognition and measurement brought by increasingly complex transactions,and to keep convergence with the international accounting standards,Ministry of Finance of China released Exposure Draft of CAS14: Revenue in December 2015,which also provides much help for the research on the revenue accounting of education and training enterprises.Firstly,this paper summarizes major sources of revenue on the current education and training market,current policy of revenue recognition,and existing problems on the revenue recognition and measurement of these enterprises.Then,it takes the revenue recognition and measurement of Company H as the case,comparing with Fenbi Exam,uses models and methods in the exposure draft to analyze contentious issues in the practice,such as revenue recognition of buying a single online course or buying a live online course,analyzes potential influence under the new standards.Finally it draws a conclusion that the new standards have a great influence,which includes change of recognition point and choice of measurement methods,on the course with a guarantee in the face-to-face mode,buying a single online course or a live online course in the online mode,buying a combination course package in the O2 O mode.It also puts forward some suggestions on improving standards of revenue and education-training enterprises' response in the end.