Research On The Impact Of New Income Standards On Accounting Processing Of Contract Income In Software Enterprises

As the core index of evaluating enterprise performance,the importance of income has always been beyond doubt.Once IFRS 15 was promulgated in 2014,it became the normative basis of "international convergence" of income criteria.Then CAS14(2017)was promulgated in 2017,which stipulated that listed companies in China should implement new income criteria from January 1,2020,two years later than the implementation date stipulated by IFRS 15(January 1,2018),mainly by the Ministry of Finance.Providing preparation time for listed companies in China,by referring to the experience of foreign companies in implementing IFRS 15,to ensure that domestic listed companies can implement the new guidelines with high quality.The implementation of the new revenue standards will have a wide impact on various industries,and the software industry is one of the industries that have been greatly affected.The research idea of this paper:Starting from the practice,guided by the theory of standard change,and deduced how domestic enterprises should deal with the background of standard change from the established facts.This paper will take Changjie Communication Information Technology Co.,Ltd.(hereinafter referred to as "Changjie Communication Company")as the specific research object,and study and analyze the impact of the new revenue standards on the accounting treatment of contract income.Among them,this paper mainly focuses on the accounting recognition and measurement of enterprise income and its report,and seldom deals with the accounting record method of enterprise.Since CAS14(2017)has not been used in software industry in China in advance,it has advanced and reference value to be listed in Hong Kong and to adopt IFRS15 criterion smoothly since January 1,2018.The value and Enlightenment of this paper are as follows:the influence of enterprise's income on business performance is intuitive,and the change of new income criteria has a certain guiding and guiding role in the recognition of enterprise's income.The impact of the change of criteria on enterprise's business process can be reflected in many aspects,and the accounting process is one of the more affected aspects.Smooth and smooth belongs to the key enterprises of national planning and layout,and has a certain forerunner.Therefore,the research has corresponding theoretical significance and practical value.From this,we can observe the specific impact of the new revenue standards on the accounting treatment of contract revenue of software enterprises,and provide reference for the implementation and application of the new standards for software enterprises.The important conclusions of this study are as follows:the new revenue criterion has re-stipulated the scope and content of enterprise accounting information disclosure,and has an impact on the quality of enterprise accounting information;the identification of contract performance obligations of enterprises and the confirmation and measurement of contract income have also changed;the change of enterprise contract income with the use of the new criterion also has an impact on the financial statements of enterprises.And it is reflected in the level of profitability and the quality of earnings,resulting in the decline of corporate profit indicators.