| In 2014,IASB issued the new revenue code"international financial reporting standards no.15--client contract income"(IFRS 15).The Hong Kong institute of accountants(HKICPA)has adopted IFRS 15 and issued the Hong Kong financial reporting standards no.15(HKFRS15).On July 5,2017,the ministry of finance issued the revised accounting standards for enterprises no.14-revenue(CAS 14).Whether IFRS15,HKFRS15,or CAS14,proposed a new revenue model,namely the five-step revenue recognition model,unified the revenue recognition method,based on the terms of the contract,affirm income according to whether the control transfer.A new revenue recognition model will have a big impact on many industries,such as real estate,construction and so on.And it will have an impact on the accounting recognition,measurement and reporting of these special industries.In this paper a new revenue model for the influence of the real estate industry,expounds the implementation of new revenue recognition model of the effect of points on the real estate industry revenue recognition and the revenue recognition point of change and bring some of the financial information of change.Firstly,the income criterion and income recognition of real estate development industry are analyzed.Then the principles and steps of the new revenue model are introduced.Then,analysis the influence of real estate industry a new revenue model,this paper analyzes the application of new revenue model for enterprise revenue recognition,the financial position and operating results,and confirm the influence of accounting information,analyzes the real estate industry some questions in the application of new revenue model and put forward some Suggestions;Next,take the new revenue model of country garden as an example.Conclusion:the new revenue criterion of real estate enterprises will improve the decision-making usefulness of accounting information.But this puts forward higher requirements on all sides,advice from standard setting bodies for operating guidelines,enterprise financial personnel to improve the professional ethics and professionalism,firm and securities institutions to strengthen the supervision to make improvements,to ensure the implementation of new standards will further improve the quality of accounting information. |
