Study On The Application And Influence Of New Income Criterion In Poly Real Estate

Income is one of the important indicators to measure the economic benefits of enterprises,and is the basis of all economic benefits.The new revenue standard has made more detailed and perfect provisions in the recognition,measurement and presentation of revenue,and has given more clear guidance for the accounting treatment of different businesses,which makes the reflection of revenue on the statement more objective and closer to the actual contract situation.The real estate is one of the mainstay industries of our country.Its characteristics,such as long project period,large income amount and complex contract,determine that the real estate enterprises are more affected by the change of the new criteria.Based on the above background,this paper chooses Poly Group as the research object to study how the new Poly Group applies the new income criterion and what impact the new criterion has on Poly Group.This paper first puts forward the significance of the research,and then reviews the development,application and influence of the income criterion.After comparing the similarities and differences between the old and new income criteria,relevant theories and concepts are introduced,and the basic situation of the case company is introduced.This paper carries out the research step by step.Firstly,it looks at the current situation of the application of the new criteria from the two aspects of the risk points encountered by Poly Group in the process of applying the new criteria and the principles to be followed.Then it analyzes the impact of the new income criteria on Poly Group,evaluates the quality of these impacts,and finally puts forward suggestions for improvement in view of the negative impacts.Based on the asset-liability theory,accounting information quality theory and economic income theory,this paper draws the following conclusions: On the good side,first of all,after the rise and fall of various financial indicators,the overall financial situation is better.Secondly,from the perspective of individual statements,the new income criteria allow Poly Real Estate to expand its balance sheet,which can enhance investor confidence to a certain extent.Finally,the change of income measurement method makes Poly Real Estate more operable in the income accounting of entrusted construction business.On the negative side,first of all,the drastic change of income standard has posed a challenge to Poly Group,which requires multi-departments to jointly improve sales contracts,in order to meet the needs of accounting work with standardized contracts.Secondly,after the application of the new standards on the quality of accounting information caused a certain impact,such as the expansion of the balance sheet may lead to the impact of caution.The impact of the new income criterion on income tax cannot be evaluated positively or negatively,but after changing the recognition method of completion percentage,the input method is conducive to reducing the income tax of enterprises under the condition of first profit and then loss.On the whole,Poly Group adheres to the attitude of strictly adhering to accounting standards and being responsible to all financial information users in the application process of the new standards.Poly Group has completed the disclosure of the impact of the replacement of the new and old policies on the company.