Features of Applying the New Revenue Recognition Model Under the IFRS

Eduard Shatunov

doi:doi:10.12737/1998-0701-2020-36-46

VAK Russia 08.00.12 UDC 65

Features of Applying the New Revenue Recognition Model Under the IFRS

Published в Auditor · Volume 6, Issue 7, 2020 · Pages 36–46 · Rubrics: INTERNATIONAL STANDARDS

DOI 10.12737/1998-0701-2020-36-46

Received: 07.05.2020 Accepted: 03.08.2020 Published: 07.08.2020

Authors

Eduard Shatunov ¹

1 RANHiGS pri Prezidente RF (Institut otraslevogo menedzhmenta, Kafedra upravleniya biznes-processami, docent)
Stavropl', Stavropol, Russian Federation

ABSTRACT

The article is devoted to topical issues of applying IFRS 15 "Revenue from contracts with customers" the Standard provides a new approach to revenue recognition, consisting of five consecutive steps to analyze the terms of sale in the contract with the buyer. The article considers examples of identification of obligations to perform depending on the terms of the contract and the features of the goods and services provided to the buyer.

KEYWORDS

revenue under IFRS revenue from contracts with customers revenue recognition criteria obligation to perform transaction price distinguishable goods and services transfer of control variable compensation significant component of financing separate sale price stage of completion of work or services

Information References

Authors:

1. RANHiGS pri Prezidente RF (Institut otraslevogo menedzhmenta, Kafedra upravleniya biznes-processami, docent)

Stavropl', Stavropol, Russian Federation

Type:

Article

Pages:

from 36 to 46

Status:

Published

Subject area:

VAK Russia 08.00.12
UDC 65

Language:

Russian

Keywords:

revenue under IFRS, revenue from contracts with customers, revenue recognition criteria, obligation to perform, transaction price, distinguishable goods and services, transfer of control, variable compensation, significant component of financing, separate sale price, stage of completion of work or services

References

1. Federal'nyy Zakon 27.07.2010 № 208-FZ (red. ot 31.12.2017) «O konsolidirovannoy finansovoy otchetnosti» [Elektronnyy resurs] // Rezhim dostupa: http://www.consultant.ru

2. Postanovlenie Pravitel'stva RF ot 25.02.2011 № 107 «Ob utverzhdenii Polozheniya o priznanii Mezhdunarodnyh standartov finansovoy otchetnosti i Raz'yasneniy Mezhdunarodnyh standartov finansovoy otchetnosti dlya primeneniya na territorii Rossiyskoy Federacii». Dostup iz sprav.-pravovoy sistemy Konsul'tantPlyus.

3. Prikaz Minfina Rossii ot 25.11.2011 № 160n «O vvedenii v deystvie Mezhdunarodnyh standartov finansovoy otchetnosti i Raz'yasneniy Mezhdunarodnyh standartov finansovoy otchetnosti na territorii Rossiyskoy Federacii». Dostup iz sprav.-pravovoy sistemy Konsul'tantPlyus.

4. Mezhdunarodnyy standart finansovoy otchetnosti (IFRS) 15. «Vyruchka po dogovoram s pokupatelyami» (vveden v deystvie na territorii Rossiyskoy Federacii Prikazom Minfina Rossii ot 27.06.2016 № 98n) (red. ot 14.09.2016) (s izm. i dop., vstup. v silu s 01.01.2019) Dostup iz sprav.-pravovoy sistemy Konsul'tantPlyus.

5. Mezhdunarodnyy standart finansovoy otchetnosti (IAS) 1 «Predstavlenie finansovoy otchetnosti» (vveden v deystvie na territorii Rossiyskoy Federacii Prikazom Minfina Rossii ot 28.12.2015 № 217n) (red. ot 05.08.2019). Dostup iz sprav.-pravovoy sistemy Konsul'tantPlyus.

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