| Mobile communication industry is a highly centralized and highly technological industry,and it is also a basic industry to support social development and innovation for our country.Revenue recognition is very important in every enterprise,which greatly affects the performance and development of the enterprise.Because of the special characteristics of the industry and sales mode,there is no unified standard for revenue recognition in the mobile communication industry.In May 2014,the Financial Accounting Standards Board of the United States(FASB)issued Accounting Standards Update No.2014-09: Income from Customer Contracts,and soon the International Accounting Standards Board(IASB)issued a new revenue recognition standard called International Financial Reporting Standards No.15-Income from Customer Contracts.In order to maintain the convergence with international financial reporting,the Ministry of Finance of China launched the revision of China’s accounting standards in 2014,issued the Accounting Standards for Enterprises No.1,and began to implement it on January 1,2018.In the new criteria,a unified revenue recognition model greatly improves the comparability of enterprise information.But at the same time,in the face of the new revenue recognition model,enterprises will inevitably have income changes.This paper chooses the mobile communication industry as the research scope,and reveals the changes brought by the new revenue recognition mode by comparing the changes of China Mobile’s revenue processing under the new and old criteria.through the analysis of China Mobile’s overall performance to reveal the impact of the new standards on enterprises. |
