US GAAP and IFRS Convergence in the Area of Revenue Recognition

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F09%3A00150399" target="_blank" >RIV/62156489:43110/09:00150399 - 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

US GAAP and IFRS Convergence in the Area of Revenue Recognition

Popis výsledku v původním jazyce

In 2001 the IASB was given a strong mandate by major constituents of the worlds capital markets to develop a single set of high-quality accounting standards. The effort was aimed at spreading of IFRS around the world and the FASB -- IASB Convergence Program. The most significant difference between the US GAAP and the IFRSs is in the area of the general approach. IFRSs are based on basic accounting principles with limited application guidance, US GAAPs are based especially on rules with specific application guidance. The FASB and IASB initiated their joint project on revenue recording to converge the IFRS and the US GAAP in this area. The main objective of paper is a comparative analysis of revenue recognition under both systems and evaluation of the most significant differences in revenue recognition and measurements as a starting point for the preparation of the new general standard for revenue recognition.

Název v anglickém jazyce

US GAAP and IFRS Convergence in the Area of Revenue Recognition

Popis výsledku anglicky

In 2001 the IASB was given a strong mandate by major constituents of the worlds capital markets to develop a single set of high-quality accounting standards. The effort was aimed at spreading of IFRS around the world and the FASB -- IASB Convergence Program. The most significant difference between the US GAAP and the IFRSs is in the area of the general approach. IFRSs are based on basic accounting principles with limited application guidance, US GAAPs are based especially on rules with specific application guidance. The FASB and IASB initiated their joint project on revenue recording to converge the IFRS and the US GAAP in this area. The main objective of paper is a comparative analysis of revenue recognition under both systems and evaluation of the most significant differences in revenue recognition and measurements as a starting point for the preparation of the new general standard for revenue recognition.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

Z - Vyzkumny zamer (s odkazem do CEZ)

Rok uplatnění

2009

Kód důvěrnosti údajů

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

Název periodika

IABE Proceedings 2009 Las Vegas, USA

ISSN

1932-7498

e-ISSN

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Svazek periodika

6

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

11

Strana od-do

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Kód UT WoS článku

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EID výsledku v databázi Scopus

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