| Income is an important indicator to measure the results of a company's business operations,and it is also an important way for users of financial reports to understand the company's development capabilities.Therefore,to present more true and reliable financial information to financial report users not only requires policy makers to update an income system that can adapt to various business models,but also requires policy users to accurately understand and apply guidelines.With the rapid development of the economy and society,the current income standards have been difficult to adapt to the increasingly complex business models,and the financial information presented thereby cannot truly and objectively reflect the essence of the business.The IASB issued "IFRS15-Revenue from Contracts with Customers" in May 2014.Based on the development of global market,my country's Ministry of Finance issued "Accounting Standards for Business Enterprises No.14-Revenue" in2017.(2017),the promulgation of the policy enables Chinese companies to better integrate into the international market.However,the promulgation and implementation of the new revenue standards still have issues such as how to better understand the differences between the old and the new standards,how to better apply the new standards in various industries,and what impact the implementation of the new standards will bring to enterprises.The software industry is greatly affected by the new revenue standards due to the particularity of its industry business model.Based on this,this article studies the impact of the new revenue standards on the revenue recognition of the software industry.This article first studies the theoretical basis of standard setting,the theoretical transformation of income and expense view to asset-liability view,analyzes the purpose and main content of the new income standard,and introduces in detail the characteristics of the new standard compared with the old one.Secondly,combined with a large number of domestic and foreign documents,the content and characteristics of the four major business models of the software industry were sorted out,and the difficulties in revenue recognition and measurement of each model under the background of the new standards were compared and analyzed.Then,using the method of case analysis,taking Bao sight Software as an example,it analyzed two types of business models that are more affected by the new standards-software development and engineering services,and service outsourcing.And based on its financial report information during the transition period and the implementation period as required by the new income standards,the impact research was carried out from the four aspects of financial status and operating results,main operating indicators and tax differences.Finally,the above-mentioned impact on the two dimensions of the software industry and Bao sight Software put forward corresponding revenue recognition recommendations.This paper found that the implementation of the new revenue standard has affected the amount of Bao sight Software ' s assets,liabilities,and equity,thus affecting the company's financial situation.However,since the amount of change is relatively small,the proportion of change is not significant.Generally speaking,the requirements for the disclosure of accounting information under the new income standards are more stringent,which is more in line with the essence of emerging businesses.The new income standard not only brings opportunities to the improvement of the company's business management level,but also challenges the professional quality of financial personnel.Therefore,for the software industry,it is not only necessary to formulate revenue recognition guidelines for various business models,but also the company's management must increase the awareness of business and financial integration,strengthen the integration of business,finance and information,and promote the healthy development of the software industry. |
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