First year's application of revised revenue recognition guidance by companies under NL-GAAP

Roy van Duuren () and Ralph ter Hoeven ()
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Roy van Duuren: EY; University of Groningen, Apeldoorn, Netherlands
Ralph ter Hoeven: Rijksuniversiteit Groningen, Groningen, Netherlands

Maandblad Voor Accountancy en Bedrijfseconomie Articles, 2023, vol. 97, issue 9-10, 319-334

Abstract: This study focuses on the revenue recognition disclosure quality of a sample of 63 large Dutch legal entities applying revised DAS 221 and DAS 270 in their 2022 financial statements. A large majority of companies in our sample use a prospective method for transitioning to the revised standards, though many companies were not really transparent in disclosing the transition method used. Further, only a small portion of companies in our sample (35%) disclosed how the revisions impacted their solvency. Overall, we conclude that the effects of the amended guidance in DAS 221/270 appear to be limited in financial reporting practice and that disclosure quality varies to a large extent. Also, we recommend the DASB to add specific disclosure requirements to DAS 221

Keywords: Revenue; recognition; DAS; 221; DAS; 270 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:arh:jmabec:v:97:y:2023:i:9-10:p:319-334

DOI: 10.5117/mab.97.113397

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