The Research Of Recognition And Measurement Of Freight Forwarding Revenue

Today in China, the logistics industry is gradually grown into an important driving force to promote economic development and pillar industry, and freight forwarding is one of the logistics industry. A large number of freight forwarders has been transformed into NVOCC, whose services provided more diverse, comprehensive and global. In this case, how to implement the accounting standards, how to recognize and measure the revenue of freight forwarding business properly, is an issue of accounting.However, the practices of revenue recognition of many Chinese freight forwarders were not fully compliance with accounting standards. Therefore, this dissertation will conduct research in recognition and measurement of freight forwarding revenue for the forwarders, and analyze the problems in existence.Firstly, this thesis will describe the existing traditional theory of revenue recognition and measurement, probe the recognition of revenue under the accrual basis, realization principle and matching principle. Secondly, the article will introduce the latest theory of Revenue Recognition in Contracts with Customers and the related comments. Thirdly, this article will probe the way of recognition and measurement of freight forwarding revenue nowadays and point out the problems existing basis on the financial reports of several international freight forwarders. The business tax accounting arisen from revenue recognition will be discussed as well. Finally, the article will give examples of DW company for revenue recognition and business tax accounting.The innovations of this paper are to apply the latest'Revenue Recognition in Contracts with Customers'to carry out research projects and attempt of'Deferred Business Tax'accounting.