| In order to clarify and harmonize revenue recognition standards,the IASB and FASB jointly issued IFRS15 in 2014 to replace the 1993 amendments to IAS11 and IAS18.In line with international convergence,the Ministry of Finance of China issued a new CAS14 in 2017 to replace the original CAS14 and CAS15 and application guidelines promulgated in 2006.The application of the new income standard will affect many industries.This paper takes the telecom industry as the research object,and uses the case analysis method and comparative analysis method to deeply explore the process of the new income standard for the typical business revenue confirmation process,the results and the management strategy in the business process.The impact of the development is recommended for telecommunications companies to better apply the new revenue guidelines.The new revenue standard introduces a unified revenue recognition model that provides clear guidance for practical operations and improves the reliability of accounting information.In terms of revenue recognition,its impact is mainly reflected in: First,the new revenue recognition method changes the amount of income from the main business,affects the income structure of the enterprise and the operating results in different accounting periods,and more objectively reflects the substance of the transaction.It is embodied in the following two aspects: First,the revenue recognition of the bundled sales business is determined by the residual value method,that is,the fair value of the communication service is first measured,and the remaining contract amount is recognized as the terminal sales income,and the fair value method is changed to the fairness of each individual performance obligation.The value of the proportion of the contract income,so that the revenue recognition can reflect the true value of goods and services;secondly,the points exchange physical goods under the new income criteria recorded as sales of product income,reducing the original confirmed main business income,reflecting the sale of its products Business substance.Second,compared with the original one-time sales expenses,the new income standard capitalizes the sales commission under the broadband business during the contract period,which can accurately reflect the income and expense ratio,and more fairly measure the business level and improve accounting.Information quality.In terms of management strategy,the new revenue standard makes the main business income of the telecom company’s sales terminal higher than the agent,and the enterprise needs to select the terminal sales channel according to the development strategy;under the original income standard,the transaction-based revenue recognition system,the enterprise information system Separately store multiple business records under each user number,and cannot directly deal with it as multiple performance obligations of a contract.The core of the new revenue standard is the contract,which puts higher requirements on the contract recognition ability of the information system.The new income standard changes the income calculation and the collection of cost and profit,which in turn affects the income accounting results and enterprise budget management.Telecom companies need to re-set the performance of accounting and budget indicators for each department based on information such as business structure and business volume.Assessment criteria.Based on the above conclusions,this paper believes that telecom enterprises should adjust the existing business to adapt to the new revenue criteria,rationally use the different terminal sales channels under the bundled business,guide the user points to redeem the communication services,and refine the amortization method of capitalized incremental costs.When formulating contracts with customers and agents,it is necessary to clarify the rights and obligations of all parties and the attribution of their contract revenues to avoid differences. |
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