Discussion on the Full Implementation of New Revenue Standard in Enterprises
Abstract
In July 2017, the Ministry of Finance issued the "Accounting Standards for Business Enterprises No.14 - Revenue" (hereinafter referred to as the "new revenue standard") .It has revised the regulations on the recognition and measurement of enterprise accounting income.It complements and modifies the old revenue standard,improves the unreasonable places, improves the accounting income information quality in our country. It can see the real situation of the enterprise operation activity more clearly. The state has referred to the international accounting standards when revising the system of accounting standards for business enterprises.The change of income standards will inevitably have an impact on many enterprises.This paper introduces the specific content of the change of the new revenue standard, and then it puts forward some measures to implement the new revenue standard. It hopes to bring effective help to various enterprises.References
Tong M. On the main changes of the new income standard (in Chinese). Accountants 2018; (23)21-22.
Zhang J, Main Changes and Implementation Suggestions of New Revenue Criteria (in Chinese). China Journal of Commerce 2019; (16): 233-234.
Jonick C, Benson D. The New Accounting Standard for Revenue Recognition: Do Implementation Issues Differ for Fortune 500 Companies?. Journal of Corporate Accounting & Finance 2018; 29 (2): 22-23.
Huefner R J. The impact of new financial reporting standards on revenue management. Journal of Revenue and Pricing Management 2016; 15(1): 78–81.
Copyright (c) 2023 Xiaochen Yue
![Creative Commons License](http://i.creativecommons.org/l/by-nc/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Authors contributing to this journal agree to publish their articles under the Creative Commons Attribution-Noncommercial 4.0 International License, allowing third parties to share their work (copy, distribute, transmit) and to adapt it, under the condition that the authors are given credit, that the work is not used for commercial purposes, and that in the event of reuse or distribution, the terms of this license are made clear. With this license, the authors hold the copyright without restrictions and are allowed to retain publishing rights without restrictions as long as this journal is the original publisher of the articles.