Study On Comparison Of The Application And Influence Between Old And New Income Standards In Enterprise S

Revenue is an important evaluation indicator in the business results of the company and has been highly valued by users of financial reports.Which method is used to scientifically and accurately confirm and measure income,and provide real and reliable information for financial report users has been concerned by scholars at home and abroad.With the rapid development of the economy,the current income standards have been unable to effectively guide certain industries and cannot guarantee the quality of accounting information.So in May 2014,FASB and IASB jointly issued IFRS15.In order to meet the convergence of international accounting standards,the Ministry of Finance issued a new income standard on July 5,2017.There are many differences between the old and new standards in many aspects.Applying the new guidelines,what impact will be studied after application.In the above background,this paper takes the application of 2017 income criteria in enterprise S as a research object to help enterprise S to apply the income criteria correctly and to improve the quality of accounting information,as well as to provide a reference for the correct application of the 2017 Revenue Guidelines in other companies and to analyze the impact of the application of the 2017 Revenue Code on enterprise S with recommendations.This paper consists of five parts: Primarily,the literature research method is used to sort out the application of accounting standards and the impact of the implementation of the 2017 income standard in Chapter 1 as an introduction.Furthermore,the second chapter is the comparison between the 2017 income standard and the original standard.The comparative research method is used to compare the difference between the income recognition,measurement,recording and disclosure of the 2006 income standard and the 2017 income standard.Additionally,the third chapter describes the current situation of the income business of enterprise S with S as a case object.Moreover,Chapter 4 compares the differences between the application of the two criteria from four aspects,including revenue recognition,measurement,record and report disclosure.In addition,Chapter 5 mainly focuses on the impact of the 2017 revenue criteria in financial results on enterprise S.The application of the standard will change the income recognition time and measurement amount,and indirectly affect the report presentation and other matters,which also results in higher requirements for the professionalism of accounting stuff.Finally,relevant recommendations are made for theabove-mentioned effects,and enterprise S is provided with guidance for the implementation of the 2017 revenue guidelines.