The Impact Of New Income Standard On The Finance Of Internet Home Decoration Enterprises

Income is one of the six elements of accounting.The accounting method of income has a direct impact on the profit and loss of an enterprise.It is one aspect that the stakeholders such as enterprises and investors attach great importance to.In order to improve the revenue standards,the International Accounting Standards Board issued the International Financial Reporting Standards No.15-revenue from contracts with customers in May 2014.The Ministry of finance of China officially issued the accounting standards for Business Enterprises No.14-revenue in July 2017,and some enterprises formally implemented the new standards from the new year’s day of 2018.In addition to changing the overall recognition framework,this practice also considered various factors.With the rapid economic growth in China,the consumption level of domestic residents has increased significantly.With the support of national policies,Internet home furnishing has benefited from the development of the real estate market,and has made good achievements.Internet home decoration enterprises are different from other enterprises,and the specific measures they take when using the new income standards are also different from those of other industries.This study can provide data support for the impact of new income standards on accounting information,and is also conducive to the investment activities of stakeholders,business activities of enterprises and the promulgation of application guidelines of government departments.Based on the relevant theories of the new income standard,this paper analyzes the impact of the new income standard on the Internet home decoration enterprises by using the literature method and case analysis method.The research is divided into six parts: the introduction part will analyze the research background,research significance,as well as the research status at home and abroad;the second part is the related theoretical basis,reading the relevant overview of income,starting from the theory of the impact analysis of the new income standard,interpret the new income standard;the third part analyzes the impact of the new income standard on the Internet home decoration enterprises Analysis of the development of the Internet home decoration industry,in order to analyze the impact of the new income standards on the Internet home decoration enterprises;the fourth part is a case study,this part takes Qijia as the research object,analyzes the main reasons for choosing Qijia as a case study,and the impact of the new income standard on qijia.com;the fifth part puts forward the corresponding countermeasures according to the above research;the sixth part is the case study Part of the summary of this study and make prospects.At present,there are relatively few studies on the new income criteria of Internet home decoration enterprises.This study is based on the Internet home decoration industry and takes Qijia as the main case.As the first Internet home decoration listed enterprise in China,it is also the first Internet home decoration enterprise to use the new income standard.Its integrated business model covers most of the income types in the industry.The impact and difficulties encountered in the process of adopting the new income standard may be met by Internet home decoration enterprises.Therefore,the suggestions put forward by the study are more practical Value.This research has good theoretical and practical value.The author hopes to contribute to the relevant research on the impact of new income standards on Internet home decoration enterprises.