Proposals of a New Standard for Revenue Recognition: Open Issues
Otevřené otázky novelizace účetních standardů pro vykazování výnosů
David Procházka
Český finanční a účetní časopis, 2011, vol. 2011, issue 4, 43-51
Abstract:
The paper reacts to the present development in the field of revenue recognition under IFRS and US GAAP. IASB and FASB published an Exposure Draft Revenue from Contracts with Customers under joint Revenue Recognition Project. The Draft introduces a new guidance on revenue recognition, which may significantly alter current accounting practice. The paper focuses on the project's background, main newly proposed principles for revenue recognition and their possible advantages and disadvantages.
Keywords: Revenue; Revenue Recognition Project; IFRS; US GAAP; Výnosy (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2011
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DOI: 10.18267/j.cfuc.146
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