Research On The Quality Of Accounting Information Of Xincheng Holdings Under The New Revenue Standard

In order to be able to address the different issues that arise in revenue recognition in practice,the IASB officially published IFRS 15 – Revenue generated from contracts with customers in 2014,known as IFRS 15.Adhering to the principle of convergence with international accounting standards,the Accounting Standards Board of the Ministry of Finance of China promulgated the Accounting Enterprise Standard No.14-Revenue,that is,CAS14 in 2017.Compared with the old revenue standard,the new revenue standard has made certain changes in revenue recognition standards,timing,models and disclosures.Theoretically,the change of the new revenue standard makes up for the shortcomings of the old revenue standard,which has an impact on the financial reporting of enterprises,thereby improving the quality of accounting information.However,in fact,the shorter application of the new revenue standard in enterprises may adversely affect the quality of accounting information and hinder users of accounting information from making effective decisions.Based on the difference between the old and new revenue standards,this paper analyzes how the application of the new revenue standards affects the quality of accounting information,and then determines the specific evaluation method of accounting information quality characteristics.Through screening to confirm the real estate industry,and then in the A-share real estate listed companies to recognize the early use of the new revenue standards of Xin Cheng Holdings as a case enterprise.Conduct research on the quality of accounting information after the application of the new revenue standard by Xin Cheng Holdings,and put forward relevant opinions to help the new revenue standard be better applied in real estate enterprises.The research results show that after the application of the new revenue standard in 2018,the financial report of Xin Cheng Holdings has been greatly adjusted and changed,which has adversely affected the quality of accounting information,and the quality of accounting information of Xin Cheng Holdings has not been significantly improved as in theoretical analysis,but has declined.However,as the new revenue standard has been applied for longer,the reliability,comprehensibility and comparability of accounting information quality have begun to improve.