THE EFFECTS OF THE ADOPTION OF IFRS 15 - REVENUE FROM CONTRACTS WITH CUSTOMERS ON THE COMPANY’S PERFORMANCE

Andreea Paula Dumitru ()
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Andreea Paula Dumitru: Faculty of Economics and Business Administration, Nicolae Titulescu University of Bucharest

Global Economic Observer, 2024, vol. 12, issue 1, 117-123

Abstract: The Standard IFRS 15 - Revenues from Contracts with Customers was developed by the IASB in order to replace some of the IAS and US GAAP standards still in force, as well as to introduce significant changes to the accounting of revenues. For most companies, the implementation of this standard will result in significant effects on accounting and reporting techniques, on the business processes and the IT systems, as it practically changes the reasoning used for revenue recognition. This paper is focused on the future implementation of the IFRS 15 and on its impact on the company's performance.

Keywords: revenue; recognition; measurement; construction contracts (search for similar items in EconPapers)
Date: 2024-06
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