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Analysis on New Revenue Standard’s Impacts on Revenue Disclosure

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DOI: 10.23977/emss.2019.033

Author(s)

Danya Chen

Corresponding Author

Danya Chen

ABSTRACT

China's Ministry of Finance officially revised and promulgated "Accounting Standards for Business Enterprises No. 14 - Revenue" on July 5, 2017, which is implemented from January 1, 2018. Basing on the changes of the revenue standard, this paper aims to examine the impacts new revenue standard brings to the disclosure of revenue information, and proposes how to deal with these impacts. In this way, this paper hopes to provide enterprises with suggestions on improving disclosure quality of revenue information after the implementation of the new revenue standard.

KEYWORDS

New revenue standard, revenue disclosure, accounting information disclosure

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