Research On The Income Accounting Of Telecom Enterprises

In May 2014,the International Accounting Standards Board(IASB)and the United States Financial Accounting Standards Board(FASB)completed the revision of the income accounting standards and issued the IFRS 15 Revenue from Contracts with Customers and ASU Revenue from Contracts with Customers(Topic 606).Revised revenue guidelines make international standards and US standards establish a unified revenue recognition standards and model frame.The revision of international standards has promoted the change of China's income accounting standards.In order to maintain a continuous and comprehensive convergence with international financial reporting standards,regulate the inconsistency of the confirmation standards existing in current income standards,standardize the accounting treatment of corporate income recognition and improve the disclosure of financial report information,the Ministry of Finance of the People's Republic of China started the revision of China's income accounting standards in 2014.On July 5,2017,the final version of the revised standards was issued-Enterprise Accounting Standards No.14-Revenue(New income guidelines)and implemented on January 1,2018.The promulgation of new income guidelines has further improved China's corporate accounting standards system.The new income standard unified revenue recognition model,adjusted revenue recognition standards,detailed revenue measurement basis,cleared income distribution methods,and improved disclosure requirements.These changes enhanced the comparability and reliability of revenue recognition and measurement,and will help improve the quality of the report information.This article includes seven parts.The first chapter is the introduction.This chapter mainly introduces the research background and significance of the article,explains the domestic and foreign research status and comments,expounds the research content and methods of the article,and points out the article's research innovation and deficiencies.The second chapter is an overview of the new income guidelines,explains the evolution of the new income guidelines,develops ideas and theoretical framework,and analyzes the concept and impact of the revision of the guidelines,and the major improvements in the new revenue standards.Chapter 3 first,the concepts and characteristics of telecommunications companies are defined and this article analyzes the telecommunication industry in a narrow definition.Second,this article analyzes the impact of the new income criteria on the financial processing and disclosure of telecommunication companies.Chapter 4 presents the difficulties and problems encountered by telecommunications companies in applying the new revenue criteria,analyzes the difficulties in the application of the new revenue criteria faced by enterprises and the problems of certain accounting confirmation and measurement,and points out challenges of implementing the new revenue guidelines through analysis of these problems.The fifth chapter puts forward some suggestions to improve the standard.Chapter 6 explains the conclusions of this article,and provides the prospects for the further study of new revenue guidelines.The innovation of this article is to analyze the differences between the new revenue criteria and current standards by selecting and analyzing the differences between the new revenue criteria and current standards.Considering the complex selection process of businesses,the large number of users,and the numerous and complex contracts,this article uses the first batch of telecommunication companies that implement the new revenue guidelines in China as entry point for analysis,analyzes the impact of the new income criteria on the recognition,measurement,disclosure of income,and the existing problems and applies special-to-general contradiction analysis methods to recommend the use of the new revenue guidelines.The inadequacies of this article are that since the implementation of the new income principle has just begun,some of the issues are still in the stage of analysis and discussion,and no consensus has been reached.At the same time,due to my research limitations,there is still room for improvement.