Thoughts on Accounting Standards for Enterprises No.14 - Revenues (Amendment) (Exposure Draft)

DOI

10.2991/iccessh-17.2017.202How to use a DOI?

Keywords

revenue standards; changes on standards; thoughts on convergence

Abstract

At the beginning of 2015, the Ministry of Finance (MoF) formulated the Accounting Standards for Enterprises No.14 - Revenues (Amendment) (Exposure Draft) for the purpose of regulating the recognition and measurement of the revenues, and the disclosure of the relevant information and then obtaining a substantial convergence between Chinese Accounting Standards (CAS) and the International Financial Reporting Standards (IFRS). This paper provides the author's thoughts on the convergence between Chinese revenue recognition standards into the new international revenue recognition standards by comparing the Exposure Draft and the current Standards.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jinming Lai
PY  - 2017/06
DA  - 2017/06
TI  - Thoughts on Accounting Standards for Enterprises No.14 - Revenues (Amendment) (Exposure Draft)
BT  - Proceedings of the 2nd International Conference on Contemporary Education, Social Sciences and Humanities (ICCESSH 2017)
PB  - Atlantis Press
SP  - 853
EP  - 856
SN  - 2352-5398
UR  - https://doi.org/10.2991/iccessh-17.2017.202
DO  - 10.2991/iccessh-17.2017.202
ID  - Lai2017/06
ER  -