Application Research Of Percentage Of Completion Method In Accounting Calculation Of XX Depot

On July 5,2017,the Ministry of Finance issued the "Accounting Standards for Business Enterprises No.14-Revenue"(Finance[2017]No.22),which made a substantial and substantial change to the original income standard,requiring domestic listed companies to It will be implemented on January 1,2020,and domestic non-listed companies will be implemented on January 1,2021.One of the important changes in the new income standard is to change the conditions for the recognition of the original income standard.This paper will briefly analyze the changes and impacts of the income recognition conditions in the new and old accounting standards.For the specific accounting method of the percentage of completion method,because the various costs need to be predicted,the calculated percentage of completion will have an impact on the liquidation result of the income,which will cause income in the current financial management of the railway transportation industry.The profit data is inaccurate.Therefore,in the daily management process of railway transportation enterprises,enterprises should take full measures to reduce the impact of accounting inaccuracies.In order to make the percentage of completion method play a role in railway transportation enterprises,the premise of applying this method is that it is necessary to improve the budget quota management ability of railway enterprises to ensure the authenticity and reliability of accounting information.This paper focuses on how to apply the percentage of completion method in the railway transportation industry.The article first introduces the basic theory of income criteria and the current situation of the XX vehicle segment repair workload,and then the current income standard and the International Financial Report.The percentage of completion method under the Code No.15—Revenue from Contracts with Customers(ifrs15)is briefly explained and compared.Secondly,the case of xx vehicle segment repair workload is liquidated as a case study,and the cases are completed separately.The comparison results of the two methods of accounting method and the percentage of completion method are compared and analyzed,and the effects of two different methods on the accuracy of financial data and the quality of accounting information are compared.Finally,the application of the percentage of completion method in xx vehicle segment is proposed.Difficulties and application safeguards.It is concluded that the percentage of completion method can be applied to the settlement of xx vehicle segment repair income.This method can improve the quality of accounting information and the effectiveness of management decision-making.However,in practice,multi-party cooperation is required,and enterprises should establish a sound quota.Management system.