IFRS 15: Omsætning fra kontrakter med kunder: Analyse og diskussion af væsentlige forskelle ved indregning og måling af omsætning mellem IAS 18/ IAS 11 og IFRS 15

Morad Alili & Sarhat Kara

Studenteropgave: HD-afhandlinger


Revenue recognition is one of the most significant accounting areas for most companies. Companies reporting in accordance with IFRS is these years experiencing fundamental changes due to the replacement of IAS 11 and IAS 18 with IFRS 15. The purpose of IFRS 15 is to make revenue recognition into one standard, which is more streamlined, precise and comprehensive. The objective of this project is to make an analysis of the material differences between IFRS 15 and the former accounting standards. In this regard, the focus will be on the definitions and conditions with the recognition of revenue. The reason for that is that we wish to assess whether or not the IFRS 15 brings more benefit to the user of the financial statements compared to the cost that the companies are enduring in resettling for the new requirements IFRS 15 brings. The project begins with a description of the fundamental accounting theory. The reason for this is that the theory will enable the reader to understand the basic principles and requirements laid out in the international standards. The accounting theory will become the measurement of whether or not IFRS 15 brings more benefit for the user of the financial statements compared to the cost of resettling. We have examined the former standards on revenue, IAS 11 and IAS 18, and the current standard IFRS 15. We furthermore analyzed the material differences between the former standards and the current. Those differences have been supplemented with practical examples were the effects are shown. The focus of the analysis have been on the differences in recognition and measurement of revenue. Lastly, we have a discussion based on the analysis on the informational benefit. We discuss whether the informational benefit of IFRS 15 for the user of the financial statements exceeds that of the former standards. Benefit have been reached, if the cost of resettling is lower than the informational benefit added. 2 Our conclusion is that the informational benefit added for the user of the financial statements exceeds the cost of the companies with implementing the new standard.

UddannelserHD Regnskab og Økonomistyring, (HD uddannelse) Afsluttende afhandling
Antal sider86