The Impact Of The New Revenue Standards On The Confirmation Measurement And Financial Report Quality Of The Telecom Industry

On January 1,2018,the Ministry of Finance of China promulgated the "Accounting Standards for Business Enterprises No.14-Revenue"(hereinafter referred to as "new income standard" or "new standard")for companies listed at home and abroad.Maintain consistent and comprehensive convergence with international standards for financial reporting,and in order to strengthen the standardization of accounting treatment for the recognition of corporate income,improve the quality of information disclosure in financial reports.At present,because the new income standard has been implemented for companies listed at home and abroad at the same time,the impact of the new standard on statements is currently a hot topic,but there is little complete and mature theoretical and practical research.Impact,the telecommunications industry represented by China Unicom(600050)is one of the more affected industries,and the new revenue standard is principle-oriented,and there is no standard for specific accounting practices.Therefore,the new revenue is reasonably applied The criterion is an urgent problem to be solved by current telecommunication enterprises.The issues studied in this article are: how does the implementation of the new revenue standard affect the revenue recognition and measurement of telecommunications companies,how does it affect the quality of financial statements,and how to improve the quality of financial reporting in the telecommunications industry under the new standard.This article mainly adopts the literature analysis method and case analysis method.The research ideas of this article are as follows: First,how to recognize and measure the revenue of the telecom industry and China Unicom in the three major businesses of bundling sales,point rewards and social channels under the new standard;second,the new revenue What impact does the standard have on corporate financial statements and financial indicators;third,analysis of accounting information quality evaluation indicators under the new standard,such as reliability,relevance,comparability,and importance of accounting information;fourth,the new income standard on internal control systems The proposed requirements,including internal control and information systems,explore the impact of the new revenue standard on the quality of financial reporting for China Unicom and the telecommunications industry.The main conclusions of this article are:(1)Recognition and measurement,thenew revenue standard has an impact on the revenue recognition and measurement of telecom industry bundling,point rewards,and social channel business;(2)In terms of financial status,China Unicom's assets and assets under the new revenue standard,The scale of debt increases,the income structure changes,but the impact of profit is small;the solvency improves,the operation,profitability,and growth ability decrease;(3)In terms of the quality of accounting information,reliability and comparability improve,and the correlation does not change significantly.The overall financial report quality has improved.(4)The new income standard puts forward higher requirements for internal control and information systems,which helps to improve the quality of financial statements.The characteristic of this article is that the existing research only focuses on the difference between the old and new income standards,and analyzes the impact on the income accounting treatment of telecommunications companies at the theoretical level,with less practical analysis and a single level.This article is based on the recognition and measurement of corporate income,and also analyzes the impact of the new standard on the three major business practices of telecommunications companies,financial index status evaluation,accounting information quality evaluation,and internal control systems.And the impact of the quality of financial reports,on this basis,based on the perspective of the enterprise and industry to give other telecom companies the corresponding inspiration,for the specific implementation of the new revenue standards in other telecom companies have certain reference significance.