Study On The Influence Of The Current Revenue Standards On The Revenue Recognition And Measurement Of Huanrui Century

As the Internet video technology increasingly mature,cultural industry consumption gradually upgrade,huge demand for cultural products further boost the development of the film and television industry,film and television enterprises began to actively expand the business,various new business model continuously iterative upgrade,the boundaries of the traditional business classification model began to become blurred,film and television enterprise income recognition and measurement also become more complex,lead to the classification of the original income criteria and rules gradually difficult to adapt to the business of the new era of accounting requirements,the limitations of the specific transaction processing also gradually emerged.In the background of diversified development of business models,China’s revenue standards are also constantly improved.In order to maintain convergence with international accounting standards,the Ministry of Finance promulgated the Accounting Standards for Business Enterprises No.14-Revenue(2017)in 2017.The implementation of the new revenue criteria will have the impact of the revenue recognition and measurement of the film and television industry,whether these changes help the handling of specific transactions,and how enterprises should adapt to these effects,the above issues need further study.This paper first combed the revenue recognition and measurement at home and abroad,provide a solid theoretical basis for the follow-up research,then the film and television enterprise revenue recognition measurement status,operation mode,business characteristics,etc.Then,with industry representative huan rui century as the case study object,through the query huan rui century announcement,annual report and the CSRC announcement of administrative punishment,aware of huan rui century specific revenue recognition and the characteristics of the new revenue standards huan rui century application standards how to carry out the specific transaction accounting treatment,and based on huan rui century business contract example analysis,in the case analysis process analyze the execution of the new revenue standards of huan rui century income recognition,measurement and report the impact of disclosure.Finally,this paper on how to standardize the film and television enterprises to implement the new revenue criteria recognition and measurement,from the two aspects of strengthening internal governance and external supervision,so that film and television production enterprises to better implement the relevant provisions of the new revenue standards.This paper also hopes to study the impact of the implementation of the new revenue standards on the revenue recognition and measurement of film and television enterprises,to provide possible reference and reference for the standard implementation of the new revenue standards in China,and to promote the healthy and orderly development of China’s entertainment enterprises.