A Study On The Impact Of New Revenue Standards On The Financial Performance Of The Automotive Industry

After the reform and opening up,my country’s total economic value and technological level have continued to rise,mostly due to the continuous development of various enterprises,the faster the development speed,the larger the scale of the enterprise,the more complex transactions will become,and the business exchanges between various industries will also More frequent and close.The old income standards lack of clear provisions and uniformity in the recognition of business income,and the inconsistency of judgment standards may lead to different understandings of income of various enterprises,thus affecting the quality of financial statements and reducing the accuracy of financial reports used by relevant personnel."Accounting Standard for Business Enterprises No.14-Revenue"(2017)played a great role in solving the problem of business revenue recognition in the old standard,however,the new standard has caused partial changes in assets,liabilities and equity,so it will affect financial performance.What kind of impact does it have? This is also the main goal of textual research.Under the theoretical guidance of the income-expense view and the asset-liability view,this article systematically adopts the methods of literature research,case analysis and comparative analysis.The writing ideas are mainly as follows:First of all,the new income standards on the automobile industry related accounting treatment changes and the impact of financial performance analysis;Secondly,it analyzes the changes in Great Wall Motor’s financial statements,and draws a more detailed conclusion on the disclosure of financial information in the automotive industry under the new revenue standards;The influence of the new income criterion on the financial index of Great Wall Motor is analyzed again,and the conclusion is drawn that although the new income criterion has a small influence on the financial index,it still has a certain negative influence on the whole;Finally,according to the research results of this paper,relevant suggestions are put forward for the application of the new revenue criteria in the automotive industry,hoping to provide some reference value for enterprises and promote the further improvement of the new revenue criteria.