Is the asset-liability approach a significant change to revenue recognition?

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Is the asset-liability approach a significant change to revenue recognition?

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Is the asset-liability approach a significant change to revenue recognition?

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

<a href="/cs/project/GAP403%2F11%2F0849" target="_blank" >GAP403/11/0849: Konvergence systémů US GAAP a IAS/IFRS pro vznik jediného systému finančního výkaznictví s ohledem na úpravu metodických postupů finančních analýz</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2013

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

9

Strana od-do

31-39

Název nakladatele

Masaryk University

Místo vydání

Brno

Místo konání akce

Telč

Datum konání akce

10. 6. 2013

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

324654400004