The new accounting standards refer to Accounting Standards for Business Enterprises No.1-Basic Standards (hereinafter referred to as the "new standards"), which is one of the core standards of China's accounting standards for business enterprises. In the new standards, the accounting standards of enterprises in assets, liabilities, income and expenses, as well as the preparation and disclosure requirements of financial statements are stipulated. Among them, other income is an important concept in the new standard, which refers to the income or gains obtained by enterprises in unconventional business activities. The following will introduce the specific content of other benefits in the new standard.

I. definition of other income

the new standard defines other income as: "refers to the income or gains generated in unconventional business activities, which are not related to activities such as selling goods, providing services or renting assets, and are not investment income, fair value change income, exchange income, income tax income, etc."

in simple terms, other income refers to the income or gains obtained by an enterprise in unconventional business activities, which has nothing to do with the daily business activities of the enterprise, and does not belong to investment income, fair value change income, exchange income, income tax income, etc.

II. Classification of other income

According to the provisions of the new standards, other income can be divided into the following categories:

1. Government subsidies

Government subsidies refer to funds or other resources provided by the government to support the development of enterprises, including financial subsidies and tax incentives. Enterprises should divide government subsidies into different categories according to their nature and conditions, such as capital subsidies or income subsidies.

2. selling intangible assets

the income obtained by an enterprise from selling intangible assets belongs to other income, such as selling patent rights and trademark rights.

3. Disposal of non-current assets

The income obtained by an enterprise from the disposal of non-current assets belongs to other income, such as the sale of real estate, plant and equipment, etc.

4. disposal of long-term equity investment

the income obtained from the disposal of long-term equity investment by enterprises belongs to other income, such as the sale of equity and stocks.

5. Individual business activities

Other income obtained by enterprises in unconventional business activities, such as selling waste materials and renting idle equipment.

III. Accounting treatment of other income

In the new standard, the accounting treatment of other income is divided into two situations:

1. Other income related to daily business activities should be included in the current profit and loss;

2. other income unrelated to daily business activities shall be included in the current comprehensive income.

it should be noted that enterprises should follow the principles of prudence and truthfulness when recognizing other income to ensure the accuracy and completeness of information disclosure.

In short, other income is an important concept in the new standards, including government subsidies, sale of intangible assets, disposal of non-current assets, disposal of long-term equity investments, individual business activities, etc. When confirming other income, enterprises should follow the principles of prudence and authenticity to ensure the accuracy and integrity of information disclosure.