The Research On Revenue Recognition And Measurement Of The Video Website

Revenue is an important accounting item,as well as the key component of the financial statements.Therefore,accounting standards setters and financial report users pay special attention to the information quality of revenue.The formulation of revenue standards is closely related to the development of accounting theory and practice.From the point of accounting theory,current accounting standards in different countries and regions remain bigger differences and deficiencies in revenue recognition,measurement and disclosure,which need further improvement.From the point of accounting practice,the complexity and diversity of revenue is also increasing with the business model innovation,especially under the new economic environment of internet.As a result,the current revenue standard is facing more and more problems and challenges,which also promote the development and reform of the revenue standards.Thus,FASB and IASB jointly issued a converged standard on the recognition of revenue from contracts with customers,which formed a new conceptual framework,and also was an important milestone in the development of rule of revenue standards.Revenue standards in China are also faced with multiple pressures of change.The extrinsic factor is the convergence with the international accounting standards in China,while the intrinsic factor is the various problems in the implementation process of revenue standards,especially for complex transactions and new business deficient factors with the development of market economy and the advent of the era of "Internet +".Therefore it is necessary to review on current income standards in our country.At the end of 2015,the accounting department of the finance department in China drew up a draft of amendment to the CAS 14-revenue,which formally put the research on the revenue standards on the agenda.So this article mainly research on the revenue standards from two aspects of theory and application practice.As to the application practice,this article chooses Internet firms as the breakthrough point which is typical in revenue recognition.Through research on revenue problems of recognition and measurement under different transactions,this dissertation hopes to put forward some suggestions on the development of revenue standards in China.This paper includes four parts:the first part mainly introduces the research background and significance,literature review at home and abroad and the research methods of this article;The second part is the overview and comparison of different revenue standards from the theoretical level;The third part is the practice application of revenue standards in internet firms;The fourth part is the policy recommendations,which based on the conclusion of standards comparison and analysis in theory and practice,as well as the actual situation of our country.The innovation of this essay is taking the business operations of video websites as the entry point.considering the differences and rationality of all revenues' accounting treatment in the framework of US GAAP,IFRS,and Chinese Accounting Standards for Business Enterprises,taking accounting assumptions and basic accounting principles as the criterions,absorbing advanced experience of foreign principles,and connecting with practical situations,this paper makes recommendations of the revenue standards' development,which embodies the logic of arguments in inductive-deductive method.However,because of the limitation of thesis length and author's research level,this thesis fails to probe into principal-agent problems from an economics prospect,which needs to be improved in further study in the future.