Research On The Income Confirmation Of Online Webcast Platform

In recent years,China's network platform has gradually developed,and the number of live webcast and online sales of corporate revenue has been a substantial growth.As an emerging industry in the field of Internet economy,the network platform is different from the traditional business.The particularity and complexity of the transaction of the webcast platform bring challenges to the recognition of income in practice.Current revenue guidelines do not target specific industries and specific business standards.How to reasonably apply the IFRS 15 — Revenue from Contracts with Customers and exposure draft is a difficult problem in the accounting treatment of the webcast platform.This paper takes L company as an example to study the problems existing in the current online broadcast enterprises' income confirmation.First of all,this paper analyzes the L company's B,C side of the source of charges and revenue recognition characteristics.Secondly,combined with the principle of accounting income recognition,this paper analyzes and finds out the problems of L company in the process of revenue recognition.The main problems of L company are: virtual goods in the sales confirmation and not enough evidence to show that the ownership of the goods and the risk compensation has been transferred to the game player;The enterprise does not carry on the accounting treatment to the virtual currency or commodity which is presented to the user in the promotion activity;long-term use of virtual currency to meet certain conditions in no revenue recognition.Finally,this paper puts forward some suggestions to solve practical problems based on China's accounting standards and IFRS and US GAAP income related terms and combined with the new revised standard(IFRS15)and exposure draft.They include: selecting the appropriate mode of staging confirmation of virtual goods revenue in a certain period of time;according to the different promotional activities reasonable confirmation gift virtual currency or commodity income;Long term use of virtual currency to meet revenue recognition conditions is confirmed as income.The purpose of this paper is to provide the guide for the practice of the income confirmation of the webcast enterprises,but also to provide some reference for other enterprises,such as the development of the internet.The existing literature on the research of online broadcast enterprise income confirmation is almost no,but there are some of online game virtual currency and electricity supplier revenue recognition.Combined with the specific case of L company,the paper discusses the practical application of the accounting standards of the webcast,and puts forward some concrete suggestions,which have theoretical and practical significance.