Research On The Countermeasures Of Y Culture And Tourism Group To Implement The New Income Standard

Revenue is one of the core indicators widely used by users of financial statements to measure and evaluate the operating efficiency of an enterprise.In recent years,the accounting standards for revenue recognition and measurement have been extensively and deeply updated by the generally accepted accounting standards in the United States and international financial reporting standards.In order to maintain the continuous convergence of China’s accounting standards for business enterprises and international financial reporting standards,the Ministry of finance has combined with China’s actual situation,the current revenue recognition and measurement standards in China have been revised accordingly.In terms of the internal environment of enterprises,the transactions faced by enterprises are becoming more and more complex,and the old revenue standard has been unable to objectively and fairly reflect the economic business of enterprises.At the same time,the implementation of the new revenue standard has certain urgency for the realization of Y culture and tourism group’s IPO goal.The CSRC requires that the IPO enterprises should refer to the listed companies and implement the new revenue standard earlier than other non listed companies.The purpose of this paper is to help Y culture and tourism group complete the transition from the old revenue standard to the new revenue standard,so as to meet the regulatory needs of Y culture and tourism group as the IPO enterprise,and analyze the impact of the new revenue standard on the recognition and measurement of each sector of Y culture and tourism group,and let the management of Y culture and tourism group clearly realize that under the new revenue standard,the reflection of operating activities in the financial statements and the recognition and measurement of operating revenue have a more in-depth impact on the internal control,business process,project management and tax difference of Y culture and tourism group.Through literature research,I read a lot of literature and materials,and prepare for the analysis of the impact of new revenue standards on the recognition of business revenue of Y culture and tourism group,and explored the corresponding solutions.By using the comparative analysis method,the paper makes a horizontal comparison(Y culture and tourism group and other companies)and vertical comparison(before and after Y cultural tourism group adopts the new revenue standard)and analyzes the financial indicators such as gross profit rate,net interest rate and P / E ratio by using index analysis method.This paper summarizes the reasons for the revision of new revenue standards and the research status of domestic and foreign research on the impact on the recognition and measurement of business enterprises.Then,it expounds the contents of the revision of the new revenue standards and the related concepts and related theories of the impact on the recognition and measurement of business revenue,at the same time,the paper analyzes the five steps of the new revenue criterion,and the influence of each step on the recognition and measurement of business income,which provides necessary support for the whole research of the paper.Secondly,through the description and display of the basic situation of Y cultural and tourism group and the implementation of new revenue standards in each business sector,the paper analyzes the impact of new revenue standards on the recognition and measurement of business income of each business sector of Y cultural and tourism group.Then,according to the actual situation of Y culture and tourism group formulating and implementing the new operating revenue standard,this paper combs out the problems that may exist in the internal control,business process,project management and tax management of the revenue recognition measurement,and analyzes the root causes of these problems,and analyzes some problems in the process of confirming and measuring the business revenue of Y culture and tourism group,the corresponding solutions are put forward.Finally,the suggestions are followed up continuously and the implementation effect is evaluated by using balanced scorecard.Through the study of this paper,it can be concluded that compared with the old standard,the new revenue standard is more able to reflect the essence of business enterprise and more in line with the accrual basis principle of accounting standards for business enterprises.It abandons the more fuzzy risk and reward model in real economic activities,adopts a more clear control transfer model,and gives more guidance to real economic activities.The new revenue standard is also more in line with the idea of modern financial management,clearly distinguish the gross profit rate of various performance obligations,and help enterprises to dig out the value-added part of the whole contract.Enterprises can take advantage of the opportunity of revenue standard change to review and sort out contracts,and update internal control and information management system accordingly,so as to improve the management level and the quality of financial information records.The recognition and measurement of operating revenue is very important for a company.The adoption of the new revenue standard may change the period of recognition and measurement of operating revenue,and the operating cost will not change because of the change of revenue standard,that is,the change of operating revenue will directly affect the net profit.Therefore,it is necessary to consider the conclusion of the contract and the impact of the corresponding business on it from a strategic perspective.The main innovations of this paper are as follows:(1)at present,the research data of the new revenue standard in China is not enough,and the new revenue standard has a great impact on the recognition,measurement,presentation,disclosure and internal control process of enterprise revenue,it enriches the application research of new revenue criterion in practice(2)The format of culture and tourism industry is more complex.Whether the business revenue is recognized "in a certain period of time" or "at a certain point of time",and whether the gross method or the net method is used in the measurement of revenue are all related to complex and significant professional judgment.This paper analyzes the ways and amounts of revenue recognition and measurement of various business models of Y culture and tourism group in detail,which will be helpful for enterprises in the culture and tourism industry to learn from(3)This paper analyzes the difficulties of Y culture and tourism group in performing arts services,sales of cultural and creative derivatives,etc.,and puts forward effective suggestions based on the actual situation of Y culture and tourism group,and continuously tracks the follow-up impact of these suggestions,and evaluates the implementation effect by using the balanced scorecard,This is of great significance for enterprises facing the same or similar difficulties in implementing the new revenue standard.