Accounting and Revenue Reporting: An Analysis between SNC and IFRS 15

Abstract

Revenue is one of the most important indicators of an entity’s economic and financial performance, influencing managerial and investor decisions. In the context of globalization and harmonization of accounting systems, the comparative analysis between the National Accounting Standards (SNC) and the International Financial Reporting Standards (IFRS) becomes essential for ensuring the transparency and comparability of financial information. This article aims to analyse the accounting and reporting of revenue according to the SNC „Venituri” and IFRS 15 „Revenue from contracts with customers”. The study highlights the main conceptual and methodological differences between the two regulatory frameworks, especially with regard to the recognition, measurement and presentation of revenue. The research methodology is based on the comparative analysis of accounting regulations and the specialized literature, utilizing methods such as analysis, synthesis and comparasion. The results show that IFRS 15 introduces a more complex approach, based on contracts and performance obligations, while SNC „Venituri” maintains a more simplified approach, derived from IAS 18. The study’s conclusions underscore the need to align the national accounting system with international standards to improve the quality of financial reporting and increase the relevance of accounting information for users. CZU: 006.32:657.44(478); JEL: M41