The Impact Of New Revenue Standards On Revenue Recognition And Measurement Of Telecommunications Industry

The Ministry of Finance issued the revised "Accounting Standards for Business Enterprises No.14-Revenue" in 2017.The promulgation of the revised standards will have a significant impact on revenue recognition and measurement in many industries.Among them,the telecom industry with large customer volume and complex contracts is One of the most affected industries.Based on this background,the question I studied was whether the revenue recognition and measurement of the telecommunications industry changed under the new revenue standard.What impact will these changes have on the telecommunications industry?How should the telecommunications industry respond to the challenges that the new revenue standards pose to the company?In the existing research,most scholars analyze various problems in the process of implementation of the old income standard.By comparing the differences between the old and new income standards,the analysis of the changes in the accounting treatment of the new income standards will be And simply predict some of the actual impact that the new revenue guidelines may have on the company,but there are some shortcomings.So far,China's domestic research on new income standards is still theoretical,and there is less analysis of specific industry practices.Although some scholars analyze some industries and predict the overall impact of new income standards on enterprises,However,there are few specific analysis of corporate practices,especially for some basic industries such as the telecommunications industry,and the recommendations for enterprises are scattered and extensive.Therefore,the innovation of this paper is to take China Mobile as an example to analyze the impact of China Mobile's typical business revenue recognition and measurement through the company's data,and make recommendations on how China Mobile should respond to the new revenue criteria.This paper adopts the normative research method.The research idea is to analyze the new income standard and analyze the "five-step method" model of the new income standard,and compare the differences between the old and new income standards.This article takes China Mobile as an example,focusing on the changes in revenue recognition time and amount of bundled sales,point reward business and contract costs,and examines the impact of new revenue standards on revenue recognition and measurement of China's telecom industry,focusing on analyzing these changes to mobile operations.The impact of business and advice to the telecommunications industry on how to respond to the challenges posed by the new revenue standards.The expected results of this paper are as follows:(1)The new revenue standard will bring about changes in the timing,revenue structure and cost of telecom enterprises(2)The implementation of the new income standard will have certain impact on the financial indicators,business plans and management decisions of telecom companiesThe research value of this paper:the implementation of the new income standard will certainly have a certain impact on many industries.This paper studies the impact of the new income standard on the company through the research of China Mobile,which has begun to implement the new revenue standard,for the company's management and other reports.Users have a deep understanding of the company's real performance make recommendations for management decisions,and provide some reference for companies that have not yet implemented new revenue standards.