Research On Revenue Recognition Of The CEC CoreCast Corporation Limitied

In recent years,Chinese economy has shown a trend of development and reform,and supply side structural reform as a major strategic deployment of the main line of economic development momentum,the release of new development potential.Along with the economic development in the new normal way,market transactions are complicated,the resulting revenue recognition has become a hot issue of theory and practice.Under this background,the financial data of a letter of inquiry of the Shanghai Stock Exchange for the CEC CoreCast Corporation Limitied at the end of 2015 the abnormal changes of attention.The company due to the revenue recognition principle of revenue recognition errors and mistakes,reduce the total income of about 220 million yuan.In view of this,based on revenue recognition as the research topic,the paper choose the CEC CoreCast Corporation Limitied's income reduction case to be analyzed,in order to sort out the relevant points of revenue recognition,to provide some reference for the same industry or similar business.First of all,this article from the income should be confirmed,how to confirm,when to confirm the three directions at home and abroad related to the relevant guidelines and literature to sort out.Secondly,the basic concept of review and confirm the income and the basic theory for the follow-up with the CEC CoreCast Corporation Limitied's case analysis theory.Once more,according to the research direction of literature review,still from the income should confirm,how to confirm,when the confirmation of the three angles of the CEC CoreCast Corporation Limitied's two main business discussions.Among them,to Chinese accounting standards-led,and to the international accounting standards and the Generally Accepted Accounting Principles to supplement the accounting principles to prove.Finally,summed up the case,come to the conclusion of the study: the CEC CoreCast Corporation Limitied's integrated circuit(IC)relates to the processing of business income and business card module package with full confirmation method,belonging to the revenue recognition error,should use the net method;the company will computer system integration and distribution business "signed a contract,invoicing,not delivered in kind," the relevant income to be confirmed,is the principle of recognition of income errors,and it should not be confirmed.