Research On The Application Of New Income Criterion In Z Construction Enterprise

The rapid development of economy and society is inseparable from a lot of material support provided by the construction industry,so the construction industry occupies a very important position in the national economy,and the income is an important way and premise to obtain profits.Therefore,in order to make an accurate and objective evaluation of the company’s operating conditions,it is necessary to make a comprehensive analysis of the income recognition,measurement and disclosure involved in the enterprise Reasonable analysis.Before the promulgation of accounting standards for business enterprises No.14-revenue,domestic construction companies recognized revenue based on relevant construction contract documents,but the factors that can be referred in this process are very limited.This also leads to a lot of actual income measurement process need to rely on a subjective judgment of financial personnel,which is bound to increase the uncertainty of financial information.In order to be in line with international accounting standards as soon as possible.The new income standard in China unifies the income recognition standard,and the method of replacing compensation transfer with control right transfer can effectively improve the problem of low information quality.Based on the above research background,this paper analyzes in detail the impact of the changes of the new and old income standards on the domestic construction industry.Firstly,this paper sorts out the literature research related to the change of income standard,divides the literature research into three categories,and then confirms the research direction of this paper.Secondly,it defines the basic concept of income and expounds its theoretical basis,shows the reasons for the revision of the new income standard and its internal change law,provides theoretical support for the follow-up research of this paper,and expounds the implementation status of the new income standard.Thirdly,taking the H Project of Z construction enterprise as an example,through sorting out the financial data information of the project,and according to the five step model for in-depth contract analysis,this paper analyzes the differences in the financial data of H project according to the new and old income standards.Finally,this paper summarizes the research work based on the analysis of the results of H project simulation implementation of the new revenue criteria.At the same time,this paper expounds the shortcomings of this study and the follow-up improvement direction.To sum up,the research work of this paper draws the following conclusions: first of all,there are some defects in the part of the construction contract standards related to the income accounting treatment,so it can not effectively provide reference for the revenue recognition and measurement of construction enterprises.Secondly,through the adoption of new income standards,on the one hand,it can make up for the original defects,but it will also have a significant impact on the financial information of construction companies.Finally,this paper uses the method of five step model to analyze the specific cases of new revenue criteria of construction enterprises,hoping that the research work of this paper can provide some reference for the formulation of revenue recognition criteria of construction enterprises.