Researchon The Influence Of New Income Criterion On The Income Recognition Of Real Estate

Enterprise income recognition method has always been a very hot topic in the market economy,how to more accurately and scientifically determine and measure the income of enterprises,in order to ensure that the financial statements reflect the true and reliable information of enterprise income and profit,accounting standards makers have become the focus of attention.On July 5,2017,the ministry of finance issued "accounting standards for enterprises no.14-revenue",the release of new revenue criteria for revenue recognition methods of measurement and disclosure of China’s enterprises have more clear rules and a significant impact,but the real estate industry as one of the more special industry in national economy,its application with the implement of the new income principles,in the process of revenue recognition has important influence.What impact will the new revenue guidelines have on the financial situation of real estate companies after they come into effect on January 1,2018?Future real estate enterprises should take what kind of income recognition method?Based on the above problems,this article first to the real estate it discusses the operating characteristics of a particular industry,and then to the accounting standards for enterprises no.14,the income of the current criterion,and the original income standards comparison,in-depth analysis of the real estate enterprises in our country before widely used way of revenue recognition and due to the significant impact of the new income principles applied.This paper USES the method of case study as a case study of Vanke group,multi-angle analysis of the discussion,the real estate development enterprises under the new income principles how to apply "five steps" model of revenue recognition,and enumerates the Vanke group revenue recognition problems under the new income principles have been improving,explore the rigorous,appropriate revenue recognition method for real estate enterprises,and implementation of the new income criteria for the analysis of the influence of Vanke group application,provide a reference for other industry enterprises.Finally,the conclusion is drawn.After a series of analysis,this paper has the following research:first,the income recognition makes the real estate industry get a better,orderly development,in this paper can help enterprises to confirm their own income appropriate to avoid inappropriate income recognition time,so that enterprises more formally recognized as income.Secondly,to some extent,enterprises can understand their financial problems and make improvements.The third is to promote auditors to better understand financial statements,carry out audit work,improve the efficiency of audit work.