| The Ministry of Finance issued Accounting Standard for Business Enterprises No.14-Revenue(CAS 14(2017))on July 5,2017,which unifies the construction contract standard and the revenue standard into a new revenue standard,thereby better improving the quality of accounting information.The relationship between the construction enterprises and real estate development enterprises is relatively close,so always is based on rule of construction contract,income criterion to confirm the income,visible among real estate enterprises,the new income principles not only is the standard of industry system,even in trading commodities in the process of measurement and confirm there is a big difference,This brings more difficulties for real estate companies to prepare financial statements and accounting practices in the process of housing development.Therefore,in the research process,this paper takes Class B real estate enterprises as an example to observe the impact of the changes in income standards on the quality of financial information,financial indicators,amounts and items,so as to determine the impact of the new standards on real estate enterprises,and other real estate companies will also have certain reference when implementing the new standards.At the same time,it can also provide the corresponding reference suggestions to the regulatory authorities and standard makers.This paper first introduces the current state of research at home and abroad,and introduces the relevant theory of this paper;Secondly,the revenue recognition of real estate enterprises under the new revenue standard is analyzed,and the impact on the financial statements of B real estate enterprises in the context of the application of the new revenue standard is analyzed,taking the status of the study on the revenue recognition of B real estate enterprises under the new revenue standard and its impact as an example;then,the implementation process of the five-step model of the new revenue standard is analyzed,the problems existing in the implementation of the five-step method are analyzed and the corresponding solutions are put forward.The results show that: under the application of the new income criteria,B real estate enterprise can achieve better development of B real estate enterprise through reasonable income recognition,which can help B real estate enterprise to prevent the recognition of income in an inappropriate period to a certain extent;So that B real estate enterprise more standardized income recognition.From the perspective of medium affect the economic consequences of found that five footwork model used for identification,individual contracts business recognition,the determination of the transaction price and how to share the steps,finally affirm income,there are certain problems in B lead to real estate enterprises in the application of the new income principles when faced with some trouble,therefore,the enterprise must on the basis of the timely identification,Based on the above analysis results,suggestions for the application of B real estate enterprises under the background of the new income criteria can be determined by taking reasonable countermeasures.From the perspective of enterprises,contract management should be strengthened,performance obligation identification should be improved,financial personnel capacity should be enhanced,transaction price allocation should be improved and income recognition progress should be improved.The research of this paper aims to promote real estate B to apply the new income standard more effectively.At the same time,for other real estate development enterprises that have not implemented or have implemented the new income criteria,the experience in the early stage can also be provided for reference. |
