Analysis of IFRS 15: Current Implications of Revenue Reporting from Customer Contracts on the Financial Environment

Abstract

In the context of significant transformations in the field of accounting and financial reporting, the adoption and implementation of IFRS standards, especially IFRS 15, have become essential for companies worldwide, including those in the Republic of Moldova. The purpose of this research is to assess the impact of implementing IFRS 15 on revenue reporting and to highlight the importance of these changes in the international financial environment, with a particular focus on the specific context of the Republic of Moldova. The research methods used include detailed analysis of IFRS 15 and relevant literature, as well as evaluation of current accounting practices. The relevant results obtained indicate greater transparency and coherence in revenue recognition under IFRS 15, and the implementation of this standard can significantly contribute to improving the quality of financial reporting and aligning accounting practices with international standards. CZU: 657.44:006.44; JEL: M41