Research On The Impact Of New Revenue Standards On Real Estate Enterprises

In the daily business processing of enterprise finance,revenue recognition is a frequently occurring but also a complex problem.Every accounting element needs to be recognizing and measured,and the recognition measurement of several other elements has a high degree of consensus,but there are many inconsistent voices in the measurement and recognition of income.The income index is one of the key indexes for the report users to measure the business achievement,the management risk and the management efficiency.Therefore,it is particularly important to reasonably and correct reflect the income situation in an accounting period.Then,it is of great significance to improve the methods of revenue recognition,measurement and disclosure,and further improve the information quality of revenue.This article enumerates specific data such as costs,revenues,expenses,and taxes during the complete development and construction period of HT real estate development company.Compared with the old and new income standards framework,the differences and impacts of the two confirmation methods bring real estate through case analysis.The company's pre-sale business meets the conditions for recognizing revenue "in a certain period of time" in the new standard.In the future,HT Real Estate Company can separate the project's sales stage for accounting,the pre-sale stage and the existing house sales stage.That is,part of the revenue from the pre-sale is carried forward throughout the pre-sale period using the performance progress method.After the completion of the house,it can be regarded as the existing house sales stage,and then the revenue is recognized at the point in time.The HT real estate company's project income simulated in this mode can achieve revenue recognition in advance compared with the current income standard,so that the report of the project construction period can be optimized,and at the same time,the income can be effectively smoothed and the industry's high leverage The high-risk situation makes the three main tables of the company's balance sheet,profit statement and cash flow statement more relevant.While enjoying the advantages and positive effects brought by the new income standard,we should also take a rational view of the increased requirements on enterprises when the new standard is applied.The new standard increases the risk and complexity of accounting.It requires a higher level of professional judgment of the accounting personnel applying the standard.The increase in accounting estimates requires a financial staff with excellent professional quality.For deeper,wider and more comprehensive information disclosure requirements,enterprises should also do a good job of basic information processing,starting from the contract signed by the enterprise,to the progress,supervision,implementation,filing of the project,and then to the financial department.Relevant information collection,etc.,need to be optimized systematically and in terms of processes.In order to ensure that each step of judgment after re-implementing the guidelines,text and data are left behind..