The changes in accounting standards have had a profound impact on the preparation and disclosure of corporate financial reports, specifically reflected in the adjustment of financial report formats, reclassification of balance sheet items, and updates to revenue recognition methods. These changes not only provide companies with a more standardized and transparent financial reporting framework, but also bring many challenges in practical implementation. The accuracy of financial data, timing errors in revenue recognition, and improper application of accounting estimation methods have become urgent issues that enterprises need to address in the process of preparing financial reports. Strengthening the data verification process, clarifying the timing of revenue recognition, and optimizing accounting estimation methods are considered effective measures to address these issues. These measures help improve the accuracy and reliability of financial information, thereby promoting the steady development of enterprises in the fierce market competition.

Accounting standards;Corporate financial reports;Influence

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DOI： https://doi.org/10.62639/sspjiss23.20250202

Published： 2025