Research On Revenue Cost Ratio Of XB Pipeline Company

With the practice and implementation of accrual basis of accounting in the market,matching principle has become one of the important principles.The matching principle requires that under the framework of accrual basis,the revenue and cost in a certain accounting range should be matched one by one.The more accurate the matching accounting of revenue and cost,the more accurate it can reflect the business performance of enterprises and provide users with relevant and reliable information.Therefore,the recognition and measurement of financial accounting emphasize the matching principle,which is widely used in the accounting practice of major countries in the world.It is related to the sustainable operation and development of a company,and it is also the basis for the company to disclose profit and loss information,so it is highly valued by the market and enterprises.In order to explore the relationship between XB pipeline company's revenue and cost ratio,this paper analyzes the ratio degree of XB pipeline company's revenue and cost,as well as the factors that affect the ratio degree.Therefore,this paper takes XB pipeline company as the research object,which is divided into four parts.The first part is the introduction and related concepts and theoretical basis.This part uses a large number of research methods,such as literature survey and theoretical analysis.The main research background and significance,literature review,so as to establish the research framework.The concepts in this paper include six basic concepts: the concept of total operating revenue,the concept of gross profit and gross profit margin,the definition of cost and expense,the definition of pipeline income and the definition of unit pipeline income,As well as the theoretical basis of the principle of income cost matching,to provide a theoretical basis for this study.The second part is the analysis of XB pipeline company's revenue and cost: this part uses the comparative analysis method and other research methods.The main content is the data analysis of the six concepts of revenue and cost mentioned in the second chapter,and compares with the total operating revenue,gross profit and gross profit margin,pipeline transportation cost,pipeline transportation cost of enbridge company in the United States and Trans Canada company in Canada The data comparative analysis of unit pipeline transportation cost provides reference for the following suggestions.The third part uses the empirical analysis method,mainly uses the 2008-2019 natural gas pipeline business,crude oil pipeline business and finished oil pipeline business to carry on the regression analysis of the face data,through the income and cost ratio model construction and cost structure analysis,as well as the empirical comparative analysis with foreign companies,Conclusion: XB pipeline company's income cost ratio coefficient is too low.From the empirical analysis of cost structure,it can be seen that the matching coefficient of revenue and cost of XB pipeline company is related to the cost structure of the enterprise.Through the gradual decomposition of costs into operating costs and other costs,as well as production costs,period costs and other costs,it is found that the proportion of production costs and income is very high and stable,while the proportion of period costs and income is relatively high.The fourth part is based on the results of empirical test put forward the corresponding solution strategy.Specifically,we can start from the matching of production cost and period expense with income,and we can improve the matching coefficient by increasing the source of income and reducing the cost.To improve the source of income,we can expand to upstream enterprises,expand to downstream enterprises and increase the transformation of technological achievements.Cost reduction can be achieved by improving pipeline safety efficiency,reducing human resource management costs,reducing maintenance costs and reducing energy consumption costs.