Study On The Influence Of The Change Of Income Criterion On The Financial Report Of Automobile Manufacturing Enterprise S Company

The income of an enterprise is the main source of profit,and the size of the income determines the business performance and profitability of the enterprise,and is an important factor to measure whether an enterprise can grow and whether investors can invest.In order to improve the consistency of China’s revenue standard and international revenue standard and make up for the possible major shortcomings in the recognition and measurement of revenue under the old revenue standard,the Ministry of Finance officially promulgated the Accounting Standard for Business Enterprises No.14-Revenue(hereinafter referred to as the "New Revenue Standard")on July 5,2017.Compared with the old revenue standard,the new revenue standard has changed significantly in terms of revenue accounting regulations,and the impact of these changes on enterprise revenue may be substantial.For automotive manufacturing enterprises,they have various business forms,and the use of new revenue standards has led to the development and transformation of accounting processes for some of their businesses,as well as significant changes in relevant financial reporting information.This article uses the asset liability perspective,revenue expense perspective,and accounting information quality theory as theoretical support for research.It introduces the literature research method,comparative analysis method,and case study method.It takes S Company,the leading enterprise in the automobile manufacturing industry,as the target of the research case,and elaborates on the changes brought about by the new revenue standards,with the focus on the impact of financial reporting.Firstly,introduce the relevant changes in the new income standard and affirm its strong applicability,clearer confirmation time,and effective guidance for complex transactions.Secondly,it analyzes the business characteristics of the automotive industry and Company S,and the impact of the change in revenue standards on the parts business,automobile sales and service business at the time of revenue recognition,multiple transaction arrangements,dealer rebates,transportation costs,and interest discounts to customers.Next,the changes in the accounting treatment of specific operations under the new revenue standard will be discussed,which will affect the financial statements,such as opening adjustments to increase liabilities,new balance sheet items,remeasurement affecting the income statement,etc.,resulting in a decrease in corporate profitability and asset turnover.And analyzing the impact of the change of revenue standard on the degree of earnings management of enterprises,it is found that when the automobile manufacturing industry and S companies implement the new revenue standard,they do not have a significant impact on real earnings management,but carry out more accrued earnings management.Finally,according to the research results of this paper,it is proposed that S companies need to improve the professional ability of financial personnel,standardize the judgment standards for revenue recognition and measurement,strengthen contract management and departmental linkage,and enrich the disclosure of annotated information when applying the new revenue standard,hoping to provide certain reference value for automobile manufacturers and promote the further improvement of the new revenue standard.