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Proposals of a New Standard for Revenue Recognition: Open Issues
[Otevřené otázky novelizace účetních standardů pro vykazování výnosů]

Author

Listed:
  • David Procházka

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.

Suggested Citation

  • David Procházka, 2011. "Proposals of a New Standard for Revenue Recognition: Open Issues [Otevřené otázky novelizace účetních standardů pro vykazování výnosů]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2011(4), pages 43-51.
    • Handle: RePEc:prg:jnlcfu:v:2011:y:2011:i:4:id:146:p:43-51
    DOI: 10.18267/j.cfuc.146
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    Citations

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    Cited by:

    1. Jaroslav Wagner & Petr Petera, 2014. "Approaches to Revenue Definition and Recognition and Their Implications for Profit and Loss Measurement [Pojetí a uznání "revenue" v rámci modelu hospodářského výsledku - přístupy a aplik," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2014(3), pages 20-33.
    2. Dana Dvořáková, 2015. "Revenue from Contracts with Costumers [Výnosy ze smluv se zákazníky]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2015(3), pages 80-96.

    More about this item

    Keywords

    Revenue; Revenue Recognition Project; IFRS; US GAAP; Výnosy;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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