The Influence Of New Revenue Standards On Real Estate Enterprises

The Ministry of Finance issued a circular on the accounting(2017)22 on July 5,2017,the main content of which is the revision and issuance of Enterprise Accounting standard 14th-income,compared with CAS 14(2006),the new revenue criteria in many aspects to make significant changes and improvements,the way of enterprise revenue recognition,higher requirements for the recognition of income,such as time or period,also converge with the income criterion(IFRS15)in IFRS.The research question in this paper is that whether CAS14(2017)affects real estate companies,how they affect,and how stakeholders should respond to these impacts.The difference between the research ideas and the existing research in this paper is that the research has been based on the comparison of the old and new criteria,focusing on the analysis of the differences between the old and long income criteria,and because of the short time of the promulgation of CAS14(2017),more research has been made from the theoretical level,focusing on the analysis of the impact of the new Based on the analysis of the differences between the old and the new income criteria,this paper takes the early use of CAS14(2017)to prepare the 2017 interim and 2017 annual financial statements of the country garden as an example,multi-angle to demonstrate the impact of income criteria changes on real estate enterprises.From the report project,financial indicators to the Country Garden Financial report interpretation,from the managers,shareholders,creditors from the three angles of real estate enterprise stakeholders should be how to deal with the changes in income criteria to give feasible solutions and suggestions.In this paper,the following studies have found that:(1)After the change of income criterion,the income recognition mode of real estate enterprises changes,the problem of income recognition lag is improved,and the method of income recognition is more reasonable;(2)Under CAS14(2017),the asset size and debt level of real estate enterprises are closer to the actual situation of enterprises;(3)Internal controls,information systems and so on will change with the implementation of CAS14(2017).The main innovations of this paper are as follows:(1)The influence of the change of income criterion on the financial situation,operating results and cash flow of country garden,in order to analyze the specific influence on the evaluation of accounting information;(2)The influence of the change of argument income criterion on the management activities of country garden with multi-angle and the same direction,to put forward effective suggestions on the deployment of future business management activities;(3)From the perspective of managers,shareholders and creditors,this paper discusses how the stakeholders of real estate enterprises should correctly view and fully deal with the impact of the changes in the new income criteria.The application of this paper:as the first real estate enterprise to use CAS14(2017)to prepare financial statements in advance,the case of Country garden has far-reaching significance,which provides a good reference and reference not only for how to prepare financial statements according to the changes of CAS14(2017),and for real estate enterprise stakeholders how to deal with the changes in income criteria to make an early demonstration,other real estate ente:rprises have played a good reference role.