Research On The Recognition And Measurement Of Revenue For Online Game Enterprises Under The New Standard

With the arrival of 5g,online game industry has become a part of the Internet economy that can not be ignored by the information technology.Its pioneering profit model of selling virtual currency to obtain income is different from that of traditional industry and commerce,which challenges the recognition and measurement of online game enterprises’ income under the original standard.At the same time,the new income standard is still principled and does not form the recognition standard of specific industries or businesses.The effective way to solve the current situation is to apply the new income standard reasonably and standardize the methods of income recognition and measurement.This study focuses on how to apply the new income standard to improve the recognition and measurement of online game enterprises’ income.First of all,this paper combs out the background and main changes of the new revenue standard,then summarizes the operation and profit model of online game enterprises and the status of revenue recognition and measurement,analyzes the difficulties of revenue recognition and measurement in four aspects of contract identity,performance obligation,transaction price and recognition time,and tries to apply the new standard to guide revenue recognition and measurement.Then combined with the typical problems in the case company K network revenue recognition and measurement,such as the virtual props to recognize revenue in advance,the main responsible person of different operation modes to determine fuzzy,not accounting for promotion revenue and precipitation revenue,analyze the reasons and compare the differences of revenue recognition and measurement methods under the new and old standards,summarize the new revenue standards to recognize and measure K network revenue Positive results.Finally,the paper puts forward the problems and suggestions that should be paid attention to when applying the newincome criterion to online game enterprises.This paper selects the emerging online game industry,in the special period of the alternation of the old and new income standards,and finds out the problems of income recognition and measurement based on the case study,and puts forward corresponding suggestions,which has certain novelty and timeliness.This paper concludes that there are many problems in the recognition and measurement of online games’ income,which are improved after the application of the new income standards.In order to better meet the arrival of the new standards,it is suggested to implement the new standards and formulate accounting guidelines for online games industry,improve the professional ability of financial personnel,improve the recognition of online games’ income,emphasize information disclosure,and establish and perfect accounting treatment for special transactions.Online game enterprises should combine their own reality,reasonably adopt scientific income recognition methods for transition,learn and actively implement the concept of new income standards,constantly improve the financial situation,and promote the healthy and orderly development of the entire online game industry.