Recognition of Revenues. IAS 18 ”Revenue” versus OMFP 3055/2009 Regarding the Approval of Accounting Regulations in Compliance with European Directives

Luþã Dorina, Grigorescu Sorin () and Popa Ionela ()
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Luþã Dorina: ”Constantin Brâncoveanu” University of Piteºti
Grigorescu Sorin: ”Constantin Brâncoveanu” University of Piteºti
Popa Ionela: ”Constantin Brâncoveanu” University of Piteºti

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 1208-1212

Abstract: Enterprise financial performance is measured by the difference between revenues and the expenses incurred to achieve the revenues. Revenue recognition and evaluation take place according to applicable accounting regulations. The present paper envisages the way to recognize revenues in compliance with IAS 18 ”Revenue” and OMFP 3055/2009 regarding the approval of accounting regulations compliant with European Directives.

Keywords: revenues; recognition; IFRS; accounting policies (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:1208-1212

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