Is the asset-liability approach a significant change to revenue recognition?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F13%3A00210099" target="_blank" >RIV/62156489:43110/13:00210099 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Is the asset-liability approach a significant change to revenue recognition?
Original language description
In November 2011, the exposure draft of a new common standard regarding the revenue recognition from contracts with customers was published. The main objective is to unify the principles for revenue recognition and the possibility of its consistent application across sectors. This paper is focused on the identification of areas where we can assume that there will be the most significant differences in reported revenue compared to the current treatment. The aim of the research is the evaluation of its impact on the reported amounts of revenues and their course over time. The greatest difference was considered in accounting for performance obligations at the time of contract inception. Some differences arise in determining transaction price, it can leadto earlier recognition of revenue compared to the current treatment under U.S. GAAP and IFRS. Research conclusions may contribute to the preparers or users of financial statements. It is intended especially for the purpose of introducing
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GAP403%2F11%2F0849" target="_blank" >GAP403/11/0849: US GAAP and IAS/IFRS convergence with respect to the adjustment of methodical procedures of the financial analysis</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
European Financial Systems 2013. Proceedings of the 10th International Scientific Conference
ISBN
978-80-210-6294-8
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
31-39
Publisher name
Masaryk University
Place of publication
Brno
Event location
Telč
Event date
Jun 10, 2013
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
324654400004