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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50205 - Accounting

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

12

Strana od-do

56-67

Název nakladatele

Neuveden

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

11. 10. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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