A Study On The Economic Consequences Of The Impact Of New Revenue Guidelines On The Real Estate Industry

Revenue,as one of the six elements of accounting,is related to the operation of the enterprise.The change of its accounting method will inevitably bring about great changes in the business results of enterprises.In order to match the relationship between income standards and productivity development,the international accounting standards board,the Hong Kong accounting standards board and the ministry of finance of China have updated and revised the new version of income standards to improve the comparability of financial data among industries.The research question of this paper is whether the new income criterion will have an impact on the real estate industry and in what aspects.The difference between the research idea of this paper and the existing research is that the existing research mainly focuses on the analysis and comparison of the content of the old and new income standards and the comparison of the changes of financial results,which mainly focuses on the micro level and does not make an in-depth study on the changes of business management behavior after the change of financial results.Therefore,based on the content of the new income criterion,this paper firstly analyzes the influence of the new income criterion on the real estate industry from three perspectives:micro,medium and macro.Secondly,country garden was selected as the case company to conduct a case analysis from a micro perspective,mainly analyzing the changes in the three aspects of revenue recognition behavior,financial statement index and operation and management activities after the application of the new revenue standards.Thirdly,large listed real estate and small unlisted real estate are selected for the medium analysis to study whether the application of the new revenue criterion will intensify the competition in the industry.Finally,from the rule of real estate industry to apply new income to the national economy the influence of the macro view,on the one hand,choose new income standards issued this event to do market reaction research,predict whether it will promote the healthy and stable development of capital market,on the other hand,the dependence of national economy of real estate industry is chosen as the research target,before,during and after the analysis of the new income principles apply dependency and the changes of the real estate industry in the future.Through the full text of the carding and research,this paper found that the application of new income standards impact on the real estate industry,mainly reflected in regulating the behavior of revenue recognition and matching revenue cost,optimizing enterprise management,intensified market competition,promote the healthy development of capital market,and reduce the reliance on the real estate industry of national economy.As the application time of income criterion for mainland real estate enterprises is later than that for Hong Kong real estate enterprises,the case analysis conclusion of a single Hong Kong real estate enterprise in this paper can provide some references for mainland real estate enterprises and the real estate market to apply the new income criterion.