The Impact Of New Income Criterion On Real Estate Enterprises

As one of the six elements of accounting,income has always been the focus of attention of researchers in enterprises.The accounting method of income will directly affect the final profit and loss situation for stakeholders such as enterprises and investors.Both the international community and our country are constantly improving the accounting income standards.In May 2014,the International Accounting Standards Board issued the most recent revision of IFRS 15-Revenue from Contracts with Clients,and in May 2014,the relevant departments of our Government began the process of collecting opinions on the revision of income standards-related matters,and in July2017 Enterprise Accounting Standard No.14—— Revenue was recently promulgated on the 5th as the implementation standard of the latest income standard.Enterprise Accounting Standard No.14—— Revenue stipulates that the earliest time for enterprises to implement new income standards is January 1,2018.Amendments to ——14 Revenue of the Enterprise Accounting Standards focused on the recognition framework,revenue recognition-related time points and so on.The revision of the new income standards would not only change the financial data of have an impact on the investment activities of relevant stakeholders.Because of the particularity of real estate enterprises,the specific measures taken in applying the new income criterion will be different In other industries.Therefore,the research in this paper can not only provide data support for the impact of the promulgation of new income standards on accounting information,but also benefit the investment activities of relevant stakeholders,the business activities of enterprises and the promulgation of the application for government departments.Based on economic consequence theory,capital preservation theory and comprehensive income theory,the paper selects 14 real estate listed company data as samples by event research method.The120 days before and after the promulgation of the new revenue guidelines were selected as the window period,and the responses of 14 sample companies to the promulgation of the new revenue guidelines were analyzed.It was found that after the issuance of the new guidelines,there was no obvious reaction and positive change in the market,and there may be errors in the market response of the sample companies.China is the head of the real estate industry,strong,sound system,is one of the few early application of the new standards listed companies,and melt China also adopted new and old income standards for the preparation of financial statements.Therefore,this paper adopts the case study method,taking SUNAC China as an example,according to the financial statement information disclosed during the experimental period of the new income standards promulgation,analyzes the impact of the new income standards promulgation on the financial information of enterprises from several aspects,such as income recognition,information disclosure,financial statements and management.According to the data analysis,some enterprises are suspected of usingthe new income standards to adjust the financial information of enterprises in order to deal with the change of new income standards.However,the same sample enterprises will have a possible impact on accounting information Some attention has been paid to it.In addition,the promulgation of the new income standards also has a positive impact on the accounting information disclosure and management of enterprises,which not only saves the cost of relevant accounting treatment,but also improves the information processing system.The conclusion of this paper will provide reference suggestions for real estate enterprises to adapt to the impact of new income standards.