Application of IFRS 15 Revenues from Contracts with Customers in the Company in the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F18%3A78485" target="_blank" >RIV/60460709:41110/18:78485 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Application of IFRS 15 Revenues from Contracts with Customers in the Company in the Czech Republic
Original language description
The paper deals with the effects of implementing the new international accounting standard IFRS 15 in a telecommunication company operating in the Czech Republic. It has been proved that the implementation of this new standard had a significant impact on the company. The preparation of the implementation project was an important part of the process which proved to be considerably time consuming and financially demanding. The case study includes a typical area of the given industry discounts on goods (hardware) and services. The assessment of the impacts is based on the comparison of the previous situation earlier revenue recognition presented in the financial statements and a simulated influence of a new standard on these financial statements. The results showed the change in the revenues structure, and while adhering to ceteris paribus principle, an increase of revenues by 2% and increase of the net comprehensive income by 11% in the first year of applying IFRS 15. At the same time, a new item contr
Czech name
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Czech description
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Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
The 6 th International Scientific Conference IFRS: IFRS: GLOBAL RULES & LOCAL USE
ISBN
978-80-906585-7-8
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
56-67
Publisher name
Neuveden
Place of publication
Praha
Event location
Praha
Event date
Oct 11, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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