Research On Income Accounting Of Ecommerce Consumer Finance

The rapid development of the Internet changes the way of trading,gradually,people shift from traditional offline transactions to online transactions.With the development of e-commerce,e-commerce enterprises are booming and take an increasing share in the market.In order to promote sales and obtain higher profits,all e-commerce providers have started to expand their business and set foot in the financial field,resulting in the emergence of e-commerce consumer finance.Internet-based business model endows e-commerce consumer finance with special characteristics,different from the traditional enterprises in accounting.Income is an important component of the financial statements.The quality of its information is closely monitored by the users of the financial statements.At the same time,the innovation of the business model has made the income increasingly complicated and diversified.The current revenue guidelines face many challenges in revenue recognition,measurement and disclosure that need to be further improved urgently,which has promoted the change of revenue guidelines.Under such circumstances,the new income criterion came into being.Its emergence has solved many problems existing in the current norms and is an important milestone in the development of our country's income guidelines.However,the new revenue guidelines are still principle-oriented.The rules on the particularity of e-commerce enterprises have not yet been formulated,which makes the disorder of accounting practice still remain in e-commerce enterprises.Comparing the current income criteria with the new ones,this paper analyzes the shortcomings of the new criterion in practice.In revenue recognition and measurement,the abstraction of the control standard brings difficulties to its application in practice,the particularity of consumer financial performance obligations makes the judgment of the level of performance obligations a great uncertainty,at the same time,the non-standard choice of accounting subjects does not meet the essence of the business and affects the quality of accounting information.The main problems of the income information disclosure are theexistence of a large number of accounting estimates and the lack of disclosure requirements for data assets and business models.In addition,normative accounting is inseparable from good external supervision and strict internal control.Therefore,this article briefly describes current problems in the internal and external environment.In this regard,in order to provide a certain degree of guidance for the industry's revenue accounting,this paper proposes a combination of industry characteristics,preparation of guidelines,clear revenue recognition and measurement standards;the strengthening of the presentation and disclosure and providing quality of accounting information;the strengthening of business supervision,the improving of laws and regulations,and the upgrading of accounting information systems.