INTERNATIONAL ACCOUNTING TREATMENT REGARDING REVENUE

Nicolae Ecobici and Dina Ionela-Claudia
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Dina Ionela-Claudia: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, ROMANIA

Annals - Economy Series, 2014, vol. 4, 124-128

Abstract: This paper discusses the news on international accounting treatments of revenue arising from the extensive process of convergence between IASB and FASB that began in 2002. The starting point of this approach is to identify the treatments currently applicable to income. Finally we presented a summary of the main provisions of the new standard IFRS 15 “Revenue from Contracts with Customers”, which replaces IAS 11 and IAS 18 (as well as a number of SIC and IFRIC interpretations) required to be applied from January 1, 2017, emphasizing the potential impact on entities.

Keywords: income; revenue; IFRS; US GAAP; standards producers; efficiency of environmental protection investment; environmental projects (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2014:v:4:p:124-128

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