Application Of New Income Criteria In A Telecom Enterprise

Income,as an important indicator to measure the operating results of enterprises,is related to the survival and development of enterprises.With the development of social informatization,a new generation of information technology emerges in endlessly,and the business model of enterprises has changed greatly.At the same time,the defects of the original income standard itself also lead to the fact that the financial information can not reflect the essence of economic activities,and the financial information is not comparable.In order to remove the obstacles to revenue recognition,the International Accounting Standards Board(IASB)and the Financial Accounting Standards Board(FASB)of the United States revised the revenue standards and jointly issued IFRS No.15,Income from Customer Contracts,in 2014.In order to converge with the International Financial Reporting Standards(IFRS),China initiated the revision of revenue standards in 2014 and issued the new revenue standard "Accounting Standards for Enterprises No.14-Income" in 2017.The new revenue criterion regards customer contract as the starting point of revenue recognition,and puts forward a five-step revenue recognition model with "performance obligation" as the core.It unifies the standards of revenue recognition and improves the requirements of income reporting and disclosure.The new revenue standards provide a high-quality framework for dealing with income issues,which can enhance the comparability of income recognition among different industries,capital markets,etc.,meet the requirements of various users of financial reports for financial information,and promote financial information to better reflect the essence of transactions.The introduction of new revenue standards has a great impact on various industries,including the telecommunications industry is one of the most influential industries.As the new revenue standards are guided by principles and do not set standards for specific accounting practices,the rational application of the new revenue standards is an urgent problem for Telecom enterprises.Based on the background of the revision of income criteria,this paper combs the literature at home and abroad.Firstly,it clarifies the relevant theoretical basis and revision concept of the new income criteria,and introduces the main contents of the new income criteria,such as income recognition and measurement,contract cost,presentation and disclosure.Secondly,taking the telecommunications industry as the breakthrough point,this paper chooses A telecom enterprise as the research object,analyzes its income status,and then clarifies the impact of the new revenue criteria on A Telecom enterprise.Finally,through interviews with various departments of A Telecom enterprise,this paper summarizes the basis of implementing the new revenue criterion for A Telecom enterprise,and elaborates the revenue of A telecom enterprise with "revenue recognition and measurement-contract cost-disclosure and presentation" as the main line.At the same time,it expounds three typical businesses of A Telecom enterprise,namely "deposit and fee delivery" contract planning business,major financing component business,and so on.Including cooperation mode business,the specific application of the new revenue criterion is analyzed with examples.On this basis,it gives the corresponding enlightenment to other telecommunications enterprises,and has a certain reference significance for the implementation of the new revenue criterion in other telecommunications enterprises.