Research on the Practical Application Path of Enterprise Accounting under the New Revenue Standard

Abstract

The new revenue standard takes "transfer of control" as the core idea instead of "transfer of risk and reward", constructs a "five step"
unified model, and systematically reconstructs the theoretical basis and practical rules of revenue recognition. The study focuses on the key
obstacles in the implementation of guidelines, revealing the common difficulties faced by enterprises in defining contract boundaries, breaking
down performance obligations, estimating variable consideration, and making periodic performance judgments, such as strong subjectivity,
insufficient data support, and vague professional judgment standards. In response to these challenges, it is proposed to establish an implementation framework that integrates organizational support, process reengineering, technological empowerment, and capability upgrading. This
framework aims to achieve deep integration of business and finance through cross functional collaboration mechanisms, solidify confirmation
rules and allocation logic based on ERP systems and business intelligence platforms, and enhance the execution of guidelines for all employees through a hierarchical training system and knowledge management.