Evaluarea veniturilor prin prisma IFRS 15 „Venituri din contractele cu clienții”

Abstract

The purpose of the paper is to analyze the provisions of IFRS 15 “Revenues from contracts with customers” with reference to the evaluation of revenues and the simulation the applicability of these provisions for domestic entities. The users of financial statements, firstly, analyze the value and composition of revenues for the current reporting period. Thus, the rules for recognizing and measuring income have changed significantly in recent years, with the introduction of IFRS 15 “Revenues from contracts with customers” which in turn brought together all the recommendations on revenue recognition and conceptually changed the approach to their recognition. Qualitative research methods were used as research methods, especially the method of empirical theory that allows to study about actions and interactions between different phenomena. As a result of the research, we determined that the evaluation of revenues from the perspective of IFRS 15, “Revenues from customer contracts” is a complex process that requires going through several stages and analysis of all factors that influence both directly and indirectly the process of evaluating the entity's revenues. This revenue measurement process differs radically from the previous one, and IFRS 15 has adjusted revenue recognition and measurement practices, regardless of the industry in which the entity operates, thus creating the premises for quality assurance in the financial statements. JEL: M41