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NASHKERSKA, Halyna. "THE EFFECTS OF IFRS 15 "REVENUE FROM CONTRACTS WITH CUSTOMERS" ON REFLECTING THE REVENUES OF ENTERPRISES FROM OPERATIONAL ACTIVITIES." Scientific Bulletin of Flight Academy. Section: Economics, Management and Law 8 (2023): 66–71. http://dx.doi.org/10.33251/2707-8620-2023-8-66-71.
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Objective. The purpose of this research is to carry out a comparative analysis of the advantages and possibility of using IFRS 15 ?Revenue from Contracts with Customers? in comparison with the accounting of revenues according to national accounting standards at Ukrainian enterprises. Methods. The main research methods were general and special scientific approaches to theoretical generalization and grouping, systematization, comparative analysis, logical generalization. Results. The application IFRS 15 ?Revenue from contracts with customers? has the potential to increase the efficiency of the process of accounting of revenues compared to as a traditional system. IFRS 15 is based on the balance sheet approach. Revenue, expenses, and income are recognized as a result of changes in the values of these assets and liabilities. The article analyzes the main characteristics of which are directly relevant for revenue recognition. They include recognition and measurement revenue, presentation and disclosure of items related to customer�s contracts. IFRS 15 has greatly extended the scope of disclosure. To achieve that an entity shall disclose qualitative and quantitative information about all of the following: its contracts with customers, the significant judgements, and changes in the judgements, any assets recognized from the costs to obtain or fulfil a contract with a customer. Scientific novelty. The author substantiates that the use of IFRS 15 ?Revenue from contracts with customers? for revenue accounting will make accounting more efficient and transparent, will ensure increases usefulness and faithfully represent information in financial statements. Practical significance. Revenue from customer�s contracts purports to be a highly reliable outcome from the company�s activities. As such it carries important confirmatory information about actual performance and useful information to forecast future revenues. Key words: revenue, contract, customers, recognition, measurement, disclosure, submission, compensation, receivables.
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PLOTNIKOV, Viktor S., and Saule S. KANAPINOVA. "The concept of accounting for contractual obligations in the accounting for revenue from contracts with customers." International Accounting 25, no. 9 (2022): 1000–1018. http://dx.doi.org/10.24891/ia.25.9.1000.
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Subject. This article discusses the possibility of using the concept of accounting for contractual obligations in the accounting for revenue from contracts with customers. Objectives. The article aims to present changes in the methodological approach to the reflection in the accounting for revenue from contracts with customers, based on the recognition of contractual obligations arising from these contracts as accounting objects and elements of financial reporting. Methods. The article defines a promising area for the development of the theory and practice of accounting related to the use of institutional theory, in terms of the contract theory, and contractual obligations arising from contracts, the Conceptual Framework for Financial Reporting, as well as the provisions of IFRS 15 – Revenue from Contracts with Customers. Conclusions. IFRS 15 – Revenue from Contracts with Customers is an additional confirmation of the use of the theoretical concept of accounting for contractual (constructive) obligations arising from past events (signing of an exchange transaction agreement) and are objects of accounting.
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Dr., Khaled Jamal Jaara, and Shaheen Al Khraisat Baraah. "The Impact of Transition to the Application of IFRS 15 Recognition of Revenue from Contracts with Customers A Case Study Jordan Telecommunication,s Company Orange." American Based Research Journal 7, no. 2 (2018): 11–23. https://doi.org/10.5281/zenodo.3445971.
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<em>The study aims to examine the effect of transition to the application of IFRS 15: recognition of revenues from contracts with customers in Jordanian telecommunications’ companies, as a case study it was conducted in Jordan Telecommunications Company (Orange) for the period between 2010-2017, The researchers re-calculated the revenue of contracts with customers retroactively, and separate the goods’ revenues from services’ revenues, also calculate the assets from contracts at the end of each interim period for the quarterly progress reports for all periods of study. A number of statistical methods were used; the most important one is descriptive statistics, the natural distribution of data and testing the study hypotheses using the multiple regression equations to identify the effect of independent variables on dependent variables. The most important result of the study showed that there is a statistically significant impact at the level of (α ≤ 0.05) for the application of IFRS 15 as measured by the services' revenue , goods' revenue, and contract assets on total revenues and owner equity, The study recommended urging the telecommunications companies working in Jordan especially Orange to apply IFRS 15 for its impact to achieve transparency in disclosure, and to increase the reliability of accounting measurement of financial reporting.</em>
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ERGÜDEN, A. Engin. "IFRS 15." International Journal of Finance & Banking Studies (2147-4486) 9, no. 1 (2020): 47–57. http://dx.doi.org/10.20525/ijfbs.v9i1.650.
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Revenue is one of the most important performance and size indicators for businesses. A new standard, which has more comprehensive and comparable feature to eliminate the deficiencies in the IFRS (International Financial Reporting Standart)-15 Revenue From Customer Contracts Standard published on 15.01.2019 and the old revenue (IAS-18 Revenue and IAS (Inernational Accounting Standarts) -11 Construction Contracts) standards to be applied in the accounting periods starting after 01.01.2018, has been introduced. The most important purpose of the standard is to eliminate the uncertainties and deficiencies in the old standards with a five-step model on important issues related to when and what amount of the revenue based on the contract with customers will be accounted.
 
 According to IFRS-15 Revenue From Customer Contracts Standard, which is applied for the accurate reporting of revenues, comprehensive analysis of the financial table footnotes of the businesses in the tourism sector concerning presentation of the records related to the revenue in the financial statements in the footnotes, the contracts placed with the customer of the enterprise, important evaluations in the application of the standard and the transaction costs incurred in the financial statements as an asset has been the scope of this study.
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Mohanty, Biraj Kumar, and Saroj Kumar Routray. "Revenue from contracts: cash vs accrual." Emerald Emerging Markets Case Studies 10, no. 4 (2020): 1–20. http://dx.doi.org/10.1108/eemcs-10-2019-0276.
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Learning outcomes The case provides an insight on the provisions of the IND AS 115 (largely converging with IFRS 15), financial impact of alternative accounting practices and dynamics of a revenue recognition decision. MBA students can use the knowledge derived from the case at their workplace when they encounter accounting of “revenue from a contract with customers”. Case overview/synopsis Saifudin Rehman, one of the promoter of Suprajeet Corporation (SUC) had been engaged in electrical installation contract business. The firm had been doing well in the field of small contracts and was having steady growth. People in the firm were also quite acquainted with the kind of contracts they were doing. However, Saifudin always wanted to get into a big contract business. For getting into big installation contracts, the corporation needed more working capital and needed to satisfy the criteria of having a high amount of turnover in the preceding year. The case will be looked into from the perspective of accounting procedure to see the possibility of increasing the revenue by changing the method of accounting in relation to revenue recognition. The case provided the opportunity to evaluate the benefits and the costs involved in changing the accounting method in SUC. Complexity academic level Commerce Graduates and MBA I. Supplementary materials Teaching notes are available for educators only. Subject code CSS 1: Accounting and Finance.
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Markus, Olga. "THE FORMATION CONCEPTUAL BASIS OF ACCOUNTING POLICY FOR DEFERRED REVENUE IN ACCORDANCE TO IFRS 15 «REVENUE FROM CONTRACTS WHITH CUSTOMERS»." Economic journal of Lesya Ukrainka Volyn National University 3, no. 27 (2021): 22–28. http://dx.doi.org/10.29038/2786-4618-2021-03-22-28.
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Abstract. The article provides a scientific justification of the methodological basis of accounting policies for deferred income and the features of their recognition over time, taking into account the requirements of IFRS 15 «Revenue from contracts whith customers». A method of recognizing revenue from contracts with customers over time is assessed, assessing progress towards full compliance with the obligation to perform. Approaches to the reflection of modifications of the contract and a significant component of financing are formalized.
 A conceptual accounting model is proposed to disclose information in the financial statements about contractual assets and liabilities. Prerequisites for harmonization of financial statements with the requirements of international standards have been formed.
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Gray, Dahli, and Ruben Torres. "Accounting for Business Combinations (Topic 805)." World Journal of Business and Management 5, no. 2 (2019): 1. http://dx.doi.org/10.5296/wjbm.v5i2.15031.
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This article discusses the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805, as promulgated by the 2019 Accounting Standards Update (ASU) concerning Business Combinations. It focuses on revenue from contracts with customers. Several concerns regarding how and when to recognize an assumed liability after a business combination were raised by users and preparers of financial statements. Concerns emerged from the differing views on how a liability (that is, performance obligation) is defined within the FASB ASC Topic 606 regarding revenue from contracts with customers. Determining how and if a contract liability is recognized in a business combination from a revenue contract were the major concerns. This article reviews a brief history of business combinations and contracts with customers. It explores the issue from various accounting perspectives (such as financial and managerial accounting, tax accounting, governmental accounting issues, ethical implications, and international accounting). Potential questions for future research regarding this topic are presented. The 16 Comment Letters sent to the FASB are discussed. The results of a survey administered as part of this research are presented.
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Yolanda Mayusfa, Intan Nuraini Putri, and Zul Azmi. "Evaluasi Pengakuan, Pengukuran, Pengungkapan Terhadap Pendapatan Kontrak Pelanggan Menurut PSAK No. 72 di PT Guna Bangun Wisata Tahun 2021-2022." Jurnal Akuntansi Nommensen 2, no. 1 (2025): 128–34. https://doi.org/10.51622/jan.v2i1.2335.
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In the implementation of PSAK No. 72 replaces PSAK No. 23 which is PSAK No. 72 will adopt a more complete version of IFRS 15 Revenue From Contracts With Customers. PSAK No. 72 will be a single standard for revenue recognition that applies to most contracts with customers, replacing the existing accounting guidance under SAK contained in various standards. This research will be conducted at PT Guna Bangun Wisata which is a company operating in the real estate sector. The type of research used is descriptive qualitative. The company's main source of income is rental income and service charges for both standard tenants and premium tenants. The results of this research state that for the recognition and disclosure of income in the company PT In order to develop tourism without being able to implement PSAK No. 72 because PT Guna Bangun Wisata recognizes income proportionally when the tenant has signed a rental contract. However, income measurement is fully in accordance with PSAK No.72. PT Guna Bangun Wisata only measures part of the contract information with customers. Meanwhile, the presentation in PSAK No. 72 states that if the customer pays compensation, or the company has the right to the amount of unconditional compensation (receivables), before the company transfers the mutually agreed contract to the customer.
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Febriandhani, Ferry, Firas Satria Akbar, Gregorius Bagus W.P., and Ryan Syahputra. "REVENUE FROM CONTRACTS WITH CUSTOMER." Jurnal Manajemen, Bisnis dan Kewirausahaan 2, no. 2 (2022): 11–15. http://dx.doi.org/10.55606/jumbiku.v2i2.258.
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Penelitian ini bertujuan untuk menguji dampak dari pengumuman Pernyataan Standar Akuntansi Keuangan (PSAK) 72 dari sudut pandang investor melalui reaksi pasar saham yang diproksikan dengan shareholder value. Pengujian berfokus pada perusahaan sektor industri property, real estate and building contruction karena standar ini menggantikan dua standar sekaligus yang digunakan sebelumnya oleh industri ini secara spresifik, yaitu PSAK 34. Analisis penelitian ini menggunakan metode regresi dan pemilihan sampel dilakukan dengan teknik purposive sampling pada perusahaan yang terdaftar di Bursa Efek Indonesia. Hasil penelitian menunjukkan bukti empiris bahwa pengumuman PSAK 72 meningkatkan shareholder value.
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Han, Jongsoo, Minsup Song, and Yibae Kim. "IFRS 15 “Revenue from Contracts with Customers : Application of Revenue Recognition over Time in Construction Contracts." Korean Accounting Journal 27, no. 5 (2018): 261–81. http://dx.doi.org/10.24056/kaj.2018.08.002.
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Baiq, Krisnina Maharani Putri, Fety Widianti Aptasari, Khairul Mujahidi, and Ely Windarti Hastuti. "Akuntansi pendapatan kontrak konstruksi berdasarkan PSAK 115 tentang pendapatan dari Kontrak dengan pelanggan." Journal of Accounting and Digital Finance 5, no. 1 (2025): 93–106. https://doi.org/10.53088/jadfi.v5i1.1719.
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This study aims to analyze in-depth how CV Yoranusa Abadi, as a construction company, recognizes revenue from its construction contracts with clients to provide specific services. The analysis is based on PSAK 115 concerning Revenue from Contracts with Customers. A qualitative research method with a descriptive approach is applied, with data collected through interviews, observations, and documentation. The findings indicate that CV Yoranusa Abadi has implemented the five stages of revenue recognition under PSAK 115 in all its construction projects. These stages include contract identification, identification of performance obligations, transaction price determination, transaction price allocation to performance obligations, and revenue recognition. Revenue is recognized and recorded based on the percentage of completed performance obligations agreed upon in the contract. This study can serve as an additional reference on how revenue recognition in construction companies aligns with the applicable accounting standards, namely PSAK 115
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Yassin, Mohammed M., Osama Samih Shaban, Dea’a Al-Deen Al-Sraheen, and Khaldoon Ahmad Al Daoud. "Revenue standard and earnings management during the COVID-19 pandemic: A comparison between IFRS and GAAP." Journal of Governance and Regulation 11, no. 2 (2022): 80–93. http://dx.doi.org/10.22495/jgrv11i2art7.
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International Financial Reporting Standards 15 — Revenue from Contracts with Customers (IFRS 15) was issued to inhibit the use of revenues for earnings management purposes. During COVID-19, the standard was used to manage earnings (Lopatta, Alexander, Gastone, & Tammen, 2020). This study aims to explain earnings management practices by using a revenue standard. An online questionnaire was distributed by Momentive Inc. (formerly SurveyMonkey Inc.) to accountants working in two different contexts: Jordan as an IFRS country and the USA as a Generally Accepted Accounting Principles (GAAP) country. A convenience sample of 304 questionnaires from both countries was valid for analysis. The findings of ordinary least square (OLS) regression suggest that, during COVID-19, both users used the revenue standard as a tool to manage earnings. In addition, IFRS users were more conservative than GAAP users in terms of existing contracts, while both of them were the same in terms of future contracts. The results should help policymakers and regulators to rethink the flexibility given to managers in dealing with revenue contracts. In addition, they should help managers efficiently manage the revenue contracts.
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Damar, Jeivi, Sonny Pangerapan, and Lidia M. Mawikere. "Analysis of Revenue from Contracts with Customers for Motor Vehicle Financing in Accordance PSAK Number 72 at PT Hasjrat Multifinance Manado." Formosa Journal of Science and Technology 3, no. 7 (2024): 1623–36. http://dx.doi.org/10.55927/fjst.v3i7.10435.
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Revenue is very important for a company because it affects the expected profit level and determines the company's sustainability. Therefore, revenue must be recognized, measured, presented, and disclosed fairly in accordance with applicable standards, namely the Financial Accounting Standards (SAK), specifically PSAK No. 72 regarding Revenue from Contracts with Customers. This study aims to determine the revenue from contracts with customers for motor vehicle financing in accordance with PSAK No. 72 at PT Hasjrat Multifinance Manado. The analytical method used in this thesis research is descriptive qualitative. The results obtained from the study indicate that PT Hasjrat Multifinance Manado recognizes, measures, presents, and discloses its revenue in accordance with PSAK No. 72.
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Shatunov, Eduard. "Features of Applying the New Revenue Recognition Model Under the IFRS." Auditor 6, no. 7 (2020): 36–46. http://dx.doi.org/10.12737/1998-0701-2020-36-46.
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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.
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Shatunov, Eduard. "Eatures of Applying the New Revenue Recognition Model Under the IFRS." Auditor 6, no. 8 (2020): 46–51. http://dx.doi.org/10.12737/1998-0701-2020-46-51.
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Th e 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 fi ve consecutive steps to analyze the terms of sale in the contract with the buyer. Th e article considers examples of identifi cation of obligations to perform depending on the terms of the contract and the features of the goods and services provided to the buyer.
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Deviyanti Sofia Rachman and Siti Sundari. "Analisis Pengakuan Pendapatan Kontrak Berdasarkan PSAK 115 Pada PT Syma Berkah Indonesia." JURNAL ILMIAH EKONOMI, MANAJEMEN, BISNIS DAN AKUNTANSI 1, no. 2 (2024): 817–24. http://dx.doi.org/10.61722/jemba.v1i2.411.
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Revenue is a variable that companies consider when deciding to transact with their customers. Therefore, in reaching an agreement with a customer, the company generally binds the economic relationship with the contract agreement to determine the transaction price of the transfer of goods or services. Based on PSAK 115, it is stated that revenue is regulated in five principles, namely: (1) identifying contracts with customers; (2) identifying the obligation to perform in the contract; (3) determining transaction prices; (4) allocating transaction prices to implementation obligations; and (5) recognize revenue when (or during) the entity fulfills its performance obligations. If the company has fulfilled the five stages of PSAK 115, the company can recognize revenue. On the other hand, if it does not meet any of them, the company cannot recognize revenue. This study is aimed at finding out the conformity between the recognition of PT. Syma Berkah Indonesia which is one of the contractor service companies in the city of Surabaya with PSAK 115. The analysis method used by the researcher is a qualitative descriptive method to explain the data collected from the company both from the results of interviews, observations, and documentation. Based on the analysis conducted by the researcher, it was stated that PT. Syma Berkah Indonesia implements PSAK 115 to recognize that contract income is considered appropriate.
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Davern, Michael, Nikole Gyles, Brad Potter, and Victor Yang. "Implementing AASB 15 revenue from contracts with customers: the preparer perspective." Accounting Research Journal 32, no. 1 (2019): 50–67. http://dx.doi.org/10.1108/arj-03-2018-0055.
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Purpose This study aims to examine the implementation of AASB 15 Revenue from Contracts with Customers to provide insight into preparers’ perspectives on the challenges, costs and benefits experienced in implementing a new and complex standard. Design/methodology/approach The study uses a survey of 143 financial statement preparers engaged in implementing AASB 15. Findings The results reveal significant variation in the approach to, and progress in, implementing AASB 15. Research limitations/implications The study provides evidence of the role of proprietary costs in implementing a new standard and suggests that preparers adopt a more pragmatic view of the nature of compliance compared to standard-setters. Practical implications The evidence in this study strongly suggests that there is little to be gained in deferring effective dates for new standards. It suggests that standard-setters can motivate entities by framing a standard in terms of how it improves the business itself, rather than from a compliance framing. Originality/value This study provides a rare perspective on the actual implementation experience of preparers confronted with the introduction of a new standard. Such a perspective is of value to standard-setters and preparers and offers insight to researchers that cannot be gained from traditional capital market archival approaches.
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Hafizan Imanuddin, Anggraeni Yunita, and Sumiyati. "ANALISIS KOMPARASI KINERJA KEUANGAN SEBELUM DAN SESUDAH PENERAPAN PENGAKUAN PENDAPATAN BERDASARKAN PSAK 72 PADA PERUSAHAAN INFRASTRUKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA." Accounting Journal of Ibrahimy (AJI) 2, no. 1 (2024): 70–83. http://dx.doi.org/10.35316/aji.v2i1.4788.
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The Financial Accounting Standards Board and the Indonesian Accountants Association issued PSAK 72 concerning Revenue from Contracts with Customers which adopted IFRS 15, as an adjustment to the previous standard which provides principles for recognizing company revenue. This adjustment provides a difference in the recognition of revenue value by having 5 stages of transaction analysis first based on contracts with customers. This difference has an impact on the company's revenue and profit recognition, as well as an influence on the company's financial performance. One of the companies affected is infrastructure companies, because there are several subsectors that are related to income from long-term contracts with customers and allow for combinations and contract modifications. The aim of this research is to test and analyze the differences in current ratio, debt to asset ratio, net profit margin and total asset turnover before the implementation of PSAK 72 (2017-2019) and after the implementation of PSAK 72 (2020-2022). The population in this research is infrastructure companies listed on the Indonesia Stock Exchange, with a research sample of 38 companies based on a purposive sampling technique. The analytical method used is the comparative descriptive method, using the analysis technique of the average difference test of two paired samples. The results of the research show that there are significant differences in the current ratio, net profit margin and total asset turnover, and there are no significant differences in the debt to asset ratio before and after the implementation of PSAK 72. There are consequences of implementing PSAK 72 which have an impact on liquidity and solvency risks. , profitability and effective use of company assets.
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Duru, Okan, Joan P. Mileski, and Ergun Gunes. "Performance obligations for “revenue from contracts with customers” principle in the shipping industry." Maritime Business Review 2, no. 3 (2017): 211–23. http://dx.doi.org/10.1108/mabr-02-2017-0009.
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Purpose The aim of this paper is to investigate the gap between cost-based and time-based revenue recognition schemes in the accounting of ship-owning corporations, and to propose cost-based revenue recognition (as in general accounting practice) in connection with the performance obligations. Design/methodology/approach For a comparative analysis of time-based (traditional approach) and cost-based schemes, a sample of dry bulk ships is selected and voyage estimations are performed by certified professional shipbrokers (Fellow of the Institute of Chartered Shipbrokers) (data collection and voyage estimation by practitioner). Performance obligations are also defined by certified shipbrokers (i.e. survey and expert opinion) and certified public accountant based on common shipping business practice and accounting practice in general. Findings Empirical results indicate the significant gap between two alternative schemes. Cost-based revenue recognition accelerates the revenue recognition (benefit of shipowner), and it enables comparability among other industries since cost-based allocation is the common practice in accounting (matching principle, Generally Accepted Accounting Principles). Research limitations/implications It is obviously impossible to observe all kinds of freight market transactions for all different kinds of vessel particulars. The sample size does not undervalue the current study since the central idea of this paper is not the verification of the cost-based recognition in all possible transactions. Practical implications The proposed approach debiases the existing recognition practice as well as improving the speed of revenue recognition. In the existing practice, time-based recognition is still based on voyage estimations (time estimation). Voyage estimations conventionally answer two questions: “What is the cost of the voyage?” and “What is the duration of the voyage?” Therefore, the proposed approach does not require any additional work done. Common practice also clarifies the cost-based schedule for revenue recognition. Originality/value This paper addresses the unconventional accounting practice and its incomparability problem for the first time. To the best of the authors’ knowledge, this paper is also the first study on accounting economics of the shipping business. This paper proposes a practical solution to the debate raised by Financial Accounting Standards Board 2014-09 regulation on accounting standards by utilizing a staging approach and cost-based revenue allocation.
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Vaicekauskas, Darius. "First time adoption of IFRS 15 “Revenue from contracts with customers“: the case of Lithuanian listed companies." Buhalterinės apskaitos teorija ir praktika 21 (March 26, 2020): 2. http://dx.doi.org/10.15388/batp.2020.17.
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Revenue accounting is one of the most important areas of financial accounting. Revenue is one of the key absolute financial ratios that reflects the economic benefits generated by entities that result in increased shareholders‘ equity. This article investigates the first time adoption of new IFRS 15 “Revenue from contracts with customers“ which in International financial reporting standards (hereinafter – IFRS) system is mandatory to apply starting from 1 January 2018. The new IFRS 15 supersedes the previous international accounting standards regulating revenue recognition and introduces a conceptual 5-step revenue recognition model. The purpose of this article is to evaluate the impact of the first-time adoption of IFRS 15 “Revenue from contracts with customers“ on the financial statements of Lithuanian listed companies. This purpose is achieved while using the following research methods: analysis of International financial reporting standards (IFRS) and scientific literature, as well as analysis of the content of financial statements. An empirical study revealed that the first-time adoption of IFRS 15 had no material impact on the financial statements of Lithuanian listed companies. Most of the companies surveyed applied the standard using a simplified retrospective modified method and did not pay much attention to the disclosure of first-time adoption. For those affected by the standard, the effect was mostly notable in the following areas: reclassifications of commissions and brokerage fees, changes in revenue recognition principles from the revenue recognition over a time to revenue recognition at specific point in time and vice versa.
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Ratuanik, Preska Kemuel Feliks, Dwi Anggarani, and Khojanah Hasan. "ANALISIS IMPLEMENTASI PENGAKUAN PENDAPATAN DAN BIAYA BERDASARKAN PERNYATAAN STANDAR AKUNTANSI KEUANGAN 72 PADA PERUSAHAAN KONSTRUKSI STUDI KASUS PADA PT X." Jurnal Ekonomi Kreatif Indonesia 2, no. 1 (2024): 64–81. http://dx.doi.org/10.61896/jeki.v2i1.33.
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ABSTRAK Pendapatan dan biaya meruapakan komponen penting sebagai instrumen pembentuk laba laba yang harus diakui secara akurat dan andal. Keakuratan dari pengakuan pendapatan tidak terlepas dari regulasi dan aturan yang mengatur. Penelitian ini menggunakan pendekatan kualitatif dengan studi kasus pada PT yang menerapkan PSAK 72. Tujuannya adalah untuk memahami bagaimana entitas dapat mengidentifikasi, mengukur, dan mengakui pendapatan dalam proyek-proyek yang melibatkan kontrak dengan pelanggan. Hasil penelitian menunjukkan bahwa implementasi PSAK 72 pada PT X khusus nya pada proyek yang diteliti perlu dilakukan penyesuaian dalam mengakui dan mengukru pendapatan dari kontrak kerjsama proyek. Selain itu, PT X dalam mengakui pendapatan sebaiknya menggunakan metode pengakuan pendapatan yang paling sesuai dengan kontrak yang dikerjakan, agar pendapatan dan biaya yang diakui dapat diukur dengan akurat. ABSTRAct Revenues and expenses are important components as profit-forming instruments that must be recognized accurately and reliably. The accuracy of revenue recognition is inseparable from the regulations and rules that govern it. This study uses a qualitative approach with case studies at PTs that apply PSAK 72. The aim is to understand how entities can identify, measure, and recognize revenue in projects that involve contracts with customers. The results showed that the implementation of PSAK 72 at PT X, especially in the project under study, needs to be adjusted in recognizing and booking revenue from project cooperation contracts. In addition, PT X in recognizing revenue should use the revenue recognition method that is most appropriate for the contract being worked on, so that the revenue and costs recognized can be measured accurately.
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Pavlyuchenko, Tatiyana N. "ACCOUNTING FOR REVENUES FROM CONTRACTS WITH CUSTOMERS." VESTNIK OF VORONEZH STATE AGRARIAN UNIVERSITY 1, no. 52 (2017): 232–42. http://dx.doi.org/10.17238/issn2071-2243.2017.1.232.
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Plotnikov, V. S., and O. V. Plotnikova. "Accounting of IFRS 15 Revenue from Contracts with Customers: A methodological aspect." International Accounting 21, no. 12 (2018): 1358–72. http://dx.doi.org/10.24891/ia.21.12.1358.
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Haenel, Christina M., Hauke A. Wetzel, and Maik Hammerschmidt. "The Perils of Service Contract Divestment: When and Why Customers Seek Revenge and How It Can Be Attenuated." Journal of Service Research 22, no. 3 (2019): 301–22. http://dx.doi.org/10.1177/1094670519835312.
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Profitability considerations lead service providers to divest from customer service contracts, either by service contract demotion (cutting back services) or by service contract termination (ending service provision). Such initiatives have been associated with customer revenge. The pressing question for practitioners is which divestment approach has a stronger or weaker effect on customer revenge. Drawing on justice and appraisal theories, the authors suggest that the answer depends on customers’ predivestment satisfaction and on the provision of financial compensation or apology. Three experiments and a critical incident study reveal that for previously satisfied customers, service termination entails a stronger effect on customer revenge, while for previously dissatisfied customers, service demotion entails a stronger effect. The findings further demonstrate that offering financial compensation or an apology can mitigate or exacerbate the effect, highlighting the need to align these divestment handling instruments with the divestment approach chosen and customers’ predivestment satisfaction. The findings also show that the effect can be explained by customer anger. Overall, this article provides guidance on how to divest whom in order to mitigate detrimental effects.
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Kasperowicz, Anna. "Revenue recognition in information services according to the international financial reporting standard 15 “revenue from contracts with customers”." Zeszyty Naukowe Uniwersytetu Szczecińskiego Finanse, Rynki Finansowe, Ubezpieczenia 2015, no. 77 (2015): 105–14. http://dx.doi.org/10.18276/frfu.2015.77-11.
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Cojocaru, Ana-Carolina, Nicolai Jieri, and Nicoleta Asalos. "Current Research Trends in IFRS 15 Revenue from Contracts with Customers: a Comprehensive Review." Ovidius University Annals. Economic Sciences Series 23, no. 2 (2024): 670–78. http://dx.doi.org/10.61801/ouaess.2023.2.80.
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Yarnanda, Septin, Vincent Tanjaya, Rona Lamretta Sinurat, and Iskandar Muda. "The comparison of revenue recognition under IFRS 15, ASC 606, PSAK 72 and its implementation on revenue recognition of PT Telkom Indonesia Tbk." Brazilian Journal of Development 10, no. 1 (2024): 131–47. http://dx.doi.org/10.34117/bjdv10n1-009.
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The convergence of International Accounting Standards achieved through the full adoption of IFRS by DSAK is PSAK 72 Revenue from Contracts with Customers, which came into effect on January 1, 2020. Based on this, the author examines whether there are differences between IFRS and US GAAP and PSAK. This article discusses only the differences between IFRS, US-GAAP and PSAK in revenue recognition, specifically the differences between IFRS, US-GAAP and PSAK in presentation, recognition, measurement and disclosure.
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Aarab, Haala, Sanjay Bissessur, and Ralph ter Hoeven. "Percepties van opstellers van de jaarrekening op de kosten en baten van IFRS 15: Revenue From Contracts With Customers." Maandblad Voor Accountancy en Bedrijfseconomie 89, no. 1/2 (2015): 18–27. http://dx.doi.org/10.5117/mab.89.31237.
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De nieuwe standaard voor omzetverantwoording, IFRS 15: Revenue from contracts with customers, is op 28 mei 2014 verschenen. IFRS 15 heeft als doel de regelgeving voor het verantwoorden van omzet te verduidelijken en een universeel model te creëren om verschillende soorten transacties in verscheidene industrieën op vergelijkbare wijze te verwerken in de jaarrekening. In dit artikel wordt de conceptuele fundering van IFRS 15 besproken. IFRS 15 resulteert in een verschuiving van de winst-en-verliesrekeningbenadering van verslaggeving naar een balansbenadering. De regelgever meent dat hiermee de informatiewaarde van de jaarrekening wordt verhoogd. Vervolgens wordt door middel van empirisch onderzoek de percepties van opstellers van de jaarrekening op de mogelijke kosten en baten van het nieuwe model geanalyseerd. Een analyse van de comment letters op de Revised Exposure Draft Revenue from contracts with customers (IASB, 2011) toont aan dat opstellers van de jaarrekening menen dat de kosten die gemaakt moeten worden voor de uitgebreide informatievoorziening onder IFRS 15 de baten overstijgen. Ze geven aan zich het meest zorgen te maken over de grote toename van de verplichte informatieverschaffing, de ontoereikendheid van bestaande informatiesystemen om deze informatie te verschaffen en de retrospectieve toepassing van IFRS 15.
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Aarab, Haala, Sanjay Bissessur, and Hoeven Ralph ter. "Percepties van opstellers van de jaarrekening op de kosten en baten van IFRS 15: Revenue From Contracts With Customers." Maandblad Voor Accountancy en Bedrijfseconomie 89, no. (1/2) (2015): 18–27. https://doi.org/10.5117/mab.89.31237.
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De nieuwe standaard voor omzetverantwoording, IFRS 15: Revenue from contracts with customers, is op 28 mei 2014 verschenen. IFRS 15 heeft als doel de regelgeving voor het verantwoorden van omzet te verduidelijken en een universeel model te creëren om verschillende soorten transacties in verscheidene industrieën op vergelijkbare wijze te verwerken in de jaarrekening. In dit artikel wordt de conceptuele fundering van IFRS 15 besproken. IFRS 15 resulteert in een verschuiving van de winst-en-verliesrekeningbenadering van verslaggeving naar een balansbenadering. De regelgever meent dat hiermee de informatiewaarde van de jaarrekening wordt verhoogd. Vervolgens wordt door middel van empirisch onderzoek de percepties van opstellers van de jaarrekening op de mogelijke kosten en baten van het nieuwe model geanalyseerd. Een analyse van de comment letters op de Revised Exposure Draft Revenue from contracts with customers (IASB, 2011) toont aan dat opstellers van de jaarrekening menen dat de kosten die gemaakt moeten worden voor de uitgebreide informatievoorziening onder IFRS 15 de baten overstijgen. Ze geven aan zich het meest zorgen te maken over de grote toename van de verplichte informatieverschaffing, de ontoereikendheid van bestaande informatiesystemen om deze informatie te verschaffen en de retrospectieve toepassing van IFRS 15.
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Natarajan, Rajalakshmi Thiruthuraipondi. "Revenue Assurance in Telecom Industry." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 09, no. 01 (2025): 1–7. https://doi.org/10.55041/ijsrem17034.
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Revenue Assurance implies the efforts taken by a company to track the factors that might impact their income and take necessary actions to protect the same. These actions can be tangible or intangible in nature and can be focus on positive areas like improving the sales, attracting new customers, optimizing the operations or negative areas, like, fraud detection, loss prevention, revenue leakage, cost cutting, etc. . Today’s telecom industry has transformed from a mere communications provider to a wide range of products and services. With this expansion, it brings in the complexity in billing its customers, ensuring that the right amount is billed as per the contract with the customer. With the customer having the control to move around various plans and providers at any time, the telecom industry needs to be extremely accurate and fast in incorporating the changes while billing the client. Keywords : Revenue Assurance in Telecom, Telecom Billing, Process Optimization in Telecom, Revenue Optimization, Fraud Detection, Revenue Leaks, Process Streamlining, Loss Prevention.
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Jung, Jae-Gyung. "Effects of Adoption of IFRS 15 ‘Revenue from Contracts with Customers’: Focusing on Deferred Revenue and Financial Reporting Quality." Korea Business Review 26, no. 4 (2022): 97–115. http://dx.doi.org/10.17287/kbr.2022.26.4.97.
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Bubnovskaya, Tatyana V., Victoria P. Gadzhibek, and Tatyana V. Kim. "IFRS 15 application for accounting of revenue from construction contracts." Independent Journal of Management & Production 13, no. 4 (2022): s462—s472. http://dx.doi.org/10.14807/ijmp.v13i4.1920.
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Construction, like any industry, has its own specifics, which should be taken into account when organizing the accounting work of an enterprise. In addition to material consumption, labor intensity and risks, construction is characterized by a long production cycle, which largely determines the financial and economic flows of a construction organization. It is common in the construction industry to provide a variety of services for a single customer or to related parties of a customer. A construction company, in addition to the construction services, can also be hired to provide design services, project management, consulting, supervision, engineering survey, design, installation, commissioning and other types of work. The article is devoted to the problems of IFRS 15 application for proceeds accounting under construction contracts. The article discusses the specifics of accounting organization for income and expenses in the construction industry. 5 steps of the revenue accounting model are considered, a step-by-step procedure for working with contracts to recognize revenue. The article outlines a mechanism for recognizing revenue and allocating expenses. The article notes that, despite the complexity of IFRS 15, its new application improves the accounting system for income and expenses of construction companies and solves the problem of recognizing revenue and the financial result determination in construction. Owing to the control system contained in IFRS 15, construction companies can incrementally enhance their revenue recognition accounting system and remove the customer risks related to contracts.
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Masril, Masril, Muhammad Yusuf, and Dian Novianti. "The Effect of Recognition of Revenue, Contract Liabilities and Contract Assets Under Psak 72 on Financial Performance of Telecommunication Companies Listed on The Idx for The 2015-2020 Period." Jurnal Akuntansi, Manajemen, Bisnis dan Teknologi 4, no. 2 (2024): 191–200. https://doi.org/10.56870/9ehqs609.
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PSAK 72 has been established as the single accounting standard for revenue recognition from contracts with customers which officially replaces all standards related to revenue recognition. Recognition of revenue under PSAK 72 will also result in the recognition of contract liabilities and contract assets. PSAK 72 can now be applied early with the active year January 1, 2020. The financial performance of telecommunications companies is calculated using financial ratios, namely the activity ratio (total asset turnover). Researchers used secondary data sources in the form of financial reports with data collection techniques, namely documentation. The population of this research is 11 companies using purposive sampling technique so that the research sample becomes 7 telecommunications companies listed on the Indonesia Stock Exchange (IDX) in 2015-2020. The analytical technique used is descriptive statistical analysis and analyzed through multiple linear regression to test the effect of the independent variable on the dependent variable. The results of the study partially recognize contract liabilities have no effect on the financial performance total asset turn over, while the income variable has a partial and significant effect on the financial performance of total asset turnover and contract asset variable has a partial but no significant effect on the total asset turn over. The results of the study show that simultaneous revenue recognition, contract liabilities and contract assets simultaneously and significantly affect the financial performance of total asset turnover.
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Orwa, Bula Hannah. "Relational practices and performance contracts in public organizations in Kenya: A case of Kenya revenue authority." University Journal 1, no. 1 (2023): XX. http://dx.doi.org/10.59952/tuj.v1i1.177.
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Kenya adopted Performance Contracts as a tool not only to improve performance but also torefocus the mindset of the civil service from looking within to focusing on customers andresults. The push factor for introduction of performance contracts in Kenya is the assumptionthat institution of performance measurements, customer orientation and an increased focustowards incremental productivity and cost reduction can lead to improvements in servicedelivery. The purpose of this research was to examine the performance contracts applicationat the Kenya Revenue Authority as well as the efficacy of the instrument in improvingperformance. The main objective was to determine the influence of Performance Contractingprocesses on performance management. The study adopted descriptive design and targeted120 employees of the organization who were based in the Head office; stratified samplingmethod was used.Data was collected using a questionnaire which contained both structuredand unstructured questions. The data was analyzed by descriptive statistics such as mean andstandard deviation. Inferential statistics such as regression was also carried out. The dataanalysis process was aided through a Statistical Package of Social Sciences. The data waspresented using tables and graphs. The study found out that performance contract had helpedimprove service delivery in KRA and that majority of the employees had participated intraining/ sensitization workshop on performance contracting. However there was no clarity inunderstanding how training needs for individual employees were arrived at.
 The study also established that majority of the employees were not involved in the process ofperformance targets setting. The study concludes that KRA did not involve the employees inall stages of drawing work plans and this led to drawing targets that were not in line withindividual roles. It was also concluded that the follow up by the top management on theimplementation of the set targets was not extensive. The study recommends that theorganizations should establish and adopt performance contract system that provideopportunities to the management in identifying staff training needs, identify performancetargets, and improve employees‘ performance. There is also need for increased training andsensitization programmes and increased involvement of all the employees in the processperformance contracting.
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Firdaus, Windra, Novi Yanti, Lika Akana Helmi, Syamsurizal Syamsurizal, and Joni Indra Wandi. "Analisis Hukum Ekonomi Syariah Terhadap Produk Simpanan Di BMT Kota Payakumbuh." An-Nawa: Jurnal Studi Islam 6, no. 2 (2024): 317–28. https://doi.org/10.37758/annawa.v6i2.1217.
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This study is motivated by the importance of compliance with Islamic economic law principles in savings products offered by Islamic financial institutions, such as Baitul Maal wa Tamwil (BMT). Previous research has largely focused on marketing aspects and the impact of savings products on financial institution revenue, but has not specifically addressed the implementation of wadi’ah and mudharabah contracts and the implications of unclear contracts on Sharia compliance. This study aims to analyze the application of Islamic economic law in savings products at BMT in Payakumbuh City, focusing on wadi’ah and mudharabah contracts. This research adopts a qualitative approach with a case study method. The study was conducted at BMT in Payakumbuh City from June to August 2024. Data sources consist of primary data obtained through in-depth interviews with BMT managers and customers, and secondary data in the form of contract documents used by BMT. Data collection techniques include interviews and document analysis, while data analysis uses qualitative descriptive methods with a non-statistical approach. To ensure data validity, member checking and source triangulation techniques were employed. The results indicate that the implementation of wadi’ah and mudharabah contracts in savings products at BMT in Payakumbuh City generally complies with Sharia principles, although there are some challenges related to contract clarity and communication with customers. This study is expected to contribute to the development of understanding of Islamic economic law and the practice of savings products at BMT, as well as increase public awareness in choosing Sharia-compliant financial products.
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Brink, Sophia. "The accounting treatment of credit card rewards programmes: a South African perspective (Part 1)." Journal of Economic and Financial Sciences 10, no. 1 (2017): 107–24. http://dx.doi.org/10.4102/jef.v10i1.8.
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Credit card rewards programmes are a common phenomenon in the South African market. On 1 July 2007 the International Accounting Standards Board (IASB) issued IFRIC 13 Customer Loyalty Programmes to give specific guidance to suppliers on the accounting treatment of customer loyalty programme transactions. Although credit card rewards programmes are specifically included in the scope of this Interpretation, in practice not all credit card rewards programmes currently account for award credits under the revenue deferral model (IFRIC 13). During May 2014 the IASB and the United States Financial Accounting Standards Board (FASB) published IFRS 15 Revenue from Contracts with Customers intended to replace six existing Standards and Interpretations, including IFRIC 13. Currently there is uncertainty whether or not a credit card rewards programme transaction falls within the scope of IFRS 15. Despite concerns raised the Boards decided against providing any additional guidance to credit card rewards programmes and indicated that they leave it up to management
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Van der Kuij-Groenberg, Katja, and Maarten Pronk. "Impact van IFRS 15." Maandblad Voor Accountancy en Bedrijfseconomie 93, no. 11/12 (2019): 317–28. http://dx.doi.org/10.5117/mab.93.39539.
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IFRS 15 Revenue from Contracts with Customers is voor het eerst van toepassing op jaarrekeningen met een boekjaar aanvangend op of na 1 januari 2018. Wij analyseren de effecten van deze nieuwe standaard voor 66 Europese beursgenoteerde ondernemingen. In een meerderheid van de onderzochte jaarrekeningen is het effect van de eerste toepassing van IFRS 15 op eigen vermogen en omzet niet materieel. Bedrijfstakken die het meest zijn geraakt, zijn Telecommunications en Utilities. De timing van de omzet wordt het meest genoemd als oorzaak van de impact, gevolgd door het activeren van de kosten van het verkrijgen van een contract. De werkelijke impact wijkt niet veel af van de vorig jaar ingeschatte impact.
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Van, der Kuij-Groenberg Katja, and Maarten Pronk. "Impact van IFRS 15." Maandblad Voor Accountancy en Bedrijfseconomie 93, no. (11/12) (2019): 317–28. https://doi.org/10.5117/mab.93.39539.
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IFRS 15 Revenue from Contracts with Customers is voor het eerst van toepassing op jaarrekeningen met een boekjaar aanvangend op of na 1 januari 2018. Wij analyseren de effecten van deze nieuwe standaard voor 66 Europese beursgenoteerde ondernemingen. In een meerderheid van de onderzochte jaarrekeningen is het effect van de eerste toepassing van IFRS 15 op eigen vermogen en omzet niet materieel. Bedrijfstakken die het meest zijn geraakt, zijn Telecommunications en Utilities. De timing van de omzet wordt het meest genoemd als oorzaak van de impact, gevolgd door het activeren van de kosten van het verkrijgen van een contract. De werkelijke impact wijkt niet veel af van de vorig jaar ingeschatte impact.
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Mukaromah, Ni`matul Fitria, Khusniati Rofiah, and Faruq Ahmad Futaqi. "PRODUCT Product and Service Development Strategies on Murabahah Contracts to Improve The Existence of BMT Hasanah." Etihad: Journal of Islamic Banking and Finance 4, no. 1 (2024): 17–26. http://dx.doi.org/10.21154/etihad.v4i1.8962.
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Introduction: Many financial institutions have developed in Ponorogo, conventional and sharia. BMT Hasanah is present as a Sharia microfinance institution that often helps households and UMKM. Even though there is much competition, BMT Hasanah can continue to show its existence. This research aims to determine product and service development strategies, especially in murabahah contracts. Research Methods: This research aims to determine product and service development strategies, especially in murabahah contracts. The research uses a qualitative approach using primary data in the form of interviews and observations and secondary data obtained from archival documents and the internet. Results: The results of this research show that BMT Hasanah is responsive in responding to customer product requests. The murabahah products provided are always up to date with straightforward guarantees. Apart from that, BMT Hasanah provides maximum service in terms of installment payments. Customers are visited using a pick-up system and also serve an installment system by transfer. Conclusion: With this strategy, BMT Hasanah not only increases competitiveness and revenue but also increases customer satisfaction, which ultimately strengthens its existence.
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Aksezer, Sezgin Çağlar. "Sustainability via Extended Warranty Contracts: Design for a Consumer Electronics Retailer." Sustainability 16, no. 1 (2023): 300. http://dx.doi.org/10.3390/su16010300.
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Warranty is one of the most important attributes of any product, from both manufacturer and consumer points of view. Although the retailers connect manufacturers to customers by selling goods, traditionally, they have isolated themselves from warranty-related matters such as customer complaints and maintenance costs. However, recent trends in consumer behavior toward extended warranty contracts have changed this approach. While retailers have started to generate considerable revenue from the sale of these contracts, sustainability is also achieved by longer product life cycles. This study analyzed the failure behavior of different classes of cell phone products and their related costs through a chain of consumer electronics retailer operating in Türkiye. To compete on pricing and customer service, a novel policy was designed for the retailer to honor the contracts in house rather than underwriting to a third party insurer as the industry standard. The maintenance records of 328 previous failures were analyzed to plot a failure model. Failure mode and effects analysis was carried out to identify failure classes and the respective costs for extended warranty design for cell phones. The expected warranty costs for coverage of the third, fourth, and fifth years of operation were determined. The results show that the retailer may achieve the same level of profit by increasing customer satisfaction along with the sustainability of the product through repair actions.
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Brink, Sophia. "The accounting treatment of credit card rewards programmes: a South African perspective (Part 2)." Journal of Economic and Financial Sciences 10, no. 2 (2017): 206–34. http://dx.doi.org/10.4102/jef.v10i2.14.
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Most credit card issuers offer their card holders participation in a customer loyalty programme. On 1 July 2007 the IASB issued IFRIC 13 Customer Loyalty Programmes to give specific guidance to suppliers on the accounting treatment of customer loyalty programme transactions. Despite the fact that credit card rewards programmes are specifically included in the scope of this Interpretation, in practice not all credit card rewards programmes currently account for award credits under the revenue deferral model (IFRIC 13). These divergent practices make one question the relevance of the current guidance provided in IFRIC 13 to credit card rewards programmes; otherwise what is the reason behind credit card rewards programmes accounting for these transactions differently? During May 2014 the IASB and the United States Financial Accounting Standards Board (FASB), published IFRS 15 Revenue from Contracts with Customers intended to replace six existing Standards and Interpretations, including IFRIC 13. The aim of IFRS 15 is to streamline accounting for revenue across all industries and to correct inconsistencies in existing Standards and practices. Credit card rewards programme respondents raised many queries and uncertainties based on the proposed model but despite these concerns the Boards decided against providing any additional guidance to credit card rewards programmes. They indicated that they leave it up to management
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Wang, Yunsen, Tiffany Chiu, and Victoria Chiu. "Redesigning Business Process to Comply with the New Revenue Recognition Standard Using Process Mining." Journal of Emerging Technologies in Accounting 17, no. 1 (2019): 149–63. http://dx.doi.org/10.2308/jeta-52663.
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ABSTRACT This study proposes a framework and develops a prototype that redesigns revenue cycle business processes to comply with the new revenue recognition standard Revenue from Contracts with Customers (ASU No. 2014-09 FASB 2014). The new standard aims to report the nature, amount, timing, and uncertainty of revenue; however, the accounting literature and profession have raised concerns regarding companies' compliance with the new standard, and urged companies to assess their practices and modify their accounting information systems accordingly. This study utilizes process mining to redesign a revenue cycle business process framework to consider single/multiple performance obligation(s), transaction price allocation, sales discounts granted/forfeited, and sales returns scenarios. In addition, a prototype is developed to detect non-standard sales transactions automatically and identify potential violations of the new standard. Findings in this study contribute to emerging technologies in accounting, internal auditing, and revenue recognition research, and are expected to be of interest to academics and practitioners.
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Willie, Paul A. "Revenue management for Canadian professional sports organizations." Worldwide Hospitality and Tourism Themes 9, no. 4 (2017): 451–63. http://dx.doi.org/10.1108/whatt-04-2017-0021.
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Purpose This paper aims to recommend opportunities for professional sport leagues in the USA and Canada to apply the art and science of revenue management in order to minimize potential losses and maximize profits. Design/methodology/approach The evolution of current key revenue management concepts is presented from their initial stages to their current level of implementation. In addition, the literature regarding the strongest business models is reviewed and examined in the context of current successes and challenges across the major sport leagues in North America. Findings Five revenue streams in sports organizations are identified and analysed. Five key elements for revenues are highlighted as strategic tools used to maximize effectiveness in achieving revenue management goals. A series of recommendations is made to best use revenue management including careful negotiation of television contracts, the use of dynamic pricing models, maximization of partnerships and sponsorships, acceptance of new approaches to food and beverage and accessibility of sport merchandise to customers. Practical implications At the regional, national and international levels, sports organizations should review their current business practices to identify areas to improve their revenue management in light of the recommendations in this paper. Originality/value Although the use of the concept of revenue management in sectors of tourism has evolved since early 1970s, its application in professional sports is relatively new. Therefore, this paper provides value to professional sports organizations to optimize their profitability.
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فهيم, الزهراء محمد, إيمان سعد الدين, and أحمد مختار. "The Impact of Revenue from Contracts with Customers under IFRS 15 on earnings quality: a survey study." مجلة الدراسات المالية والتجارية 34, no. 1 (2024): 235–60. http://dx.doi.org/10.21608/mosj.2024.348569.
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Manalu, Widda Royanisa, and Alfonsa Dian Sumarna. "PSAK 72: EVALUASI PENERAPAN AKUNTANSI PADA PERUSAHAAN PENGEMBANG REAL ESTATE DI BATAM." Jurnal Bisnis Terapan 7, no. 1 (2023): 67–80. http://dx.doi.org/10.24123/jbt.v7i1.5282.
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The PSAK 72 regarding Contract Revenue from Customers effective as of 2020, which replaces some of the old rules, has focused on the migration of revenue recognition at PT. RPM is one of the real estate development companies on Batam Island. This comparative quantitative descriptive research aims to analyze the differences in revenue recognition reported by companies when implementing and not implementing PSAK 72. Data collection uses interview methods and documentation related to income transactions for the period October to December 2020. This research found that the 2020 reporting of PT. RPM still uses the old rules. There are seven types of income for PT. RPM are fine revenue, first-party fee revenue, cancellation revenue, other revenue, rent revenue, waarmerking revenue, and giro service revenue. The types of revenue that are not included in the PSAK 72 standard are other revenue, rent revenue, and giro service revenue. PSAK 72 set that revenue can be recognized when the performance obligation has been fulfilled or the transaction in the form of a contract has been completed. All transactions related to contract revenue in October-December 2020 have been fulfilled or the performance obligations to customers have been completed. The analysis of the calculation of total revenue if implementing PSAK 72 and not implementing PSAK 72 is the same as the amount reported in 2020.
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Boldbaatar, Dolgion, and Daeheon Choi. "Design Crowdsourcing Supply Chain in Short Life Cycle Products." SHS Web of Conferences 132 (2022): 01015. http://dx.doi.org/10.1051/shsconf/202213201015.
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Design crowdsourcing is the largest open innovation model that can create value with potential consumers. It offers an opportunity to quickly respond to the market by obtaining instant designs from the crowd, freelancing designers with fundamental skills. In addition, it can secure globally innovative competitiveness without financial burden, which is more effective to start-up companies and small and medium enterprises (SMEs) in the field of seasonal product industry. Developing standardized design crowdsourcing supply chain processes and mathematical models is essential to respond to market trends and customer needs in the seasonal product industry. This study has been carried out to determine the best mechanism in the design crowdsourcing supply chain and coordinate each supply chain member whose desires meet each other. Thus, we identify contracts under which conditions can coordinate the crowdsourcing supply chain by a newsvendor model with a manufacturer and a retailer with a crowdsourcing platform. To see that, we study the coordination of the crowdsourcing supply chain through the following contracts: wholesale price, buy-back, and revenue sharing contract. For the forecasting, we present a framework of the design crowdsourcing supply chain and compare supply chain performance under crowdsourcing supply chain coordination. The summarized result shows that the wholesale price contract cannot coordinate the crowdsourcing supply chain efficiently. In contrast, buy-back and revenue sharing contracts can coordinate the crowdsourcing supply chain.
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Napier, Christopher J., and Christian Stadler. "The real effects of a new accounting standard: the case of IFRS 15 Revenue from Contracts with Customers." Accounting and Business Research 50, no. 5 (2020): 474–503. http://dx.doi.org/10.1080/00014788.2020.1770933.
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Parthasarathi Mandal. "Are Online and Offline Bargaining Profitable for the Retailer, Manufacturer, and Customer in A Green Supply Chain Management?" Journal of Information Systems Engineering and Management 10, no. 41s (2025): 683–89. https://doi.org/10.52783/jisem.v10i41s.7984.
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Online and offline bargaining play one of the most important roles for attracting customers, increasing sales, and overall profit in the green supply chain management. Nowadays, it has attracted the attention of both manufacturers and retailers after dealing with their contracts. In this paper, the manufacturer invests in green innovation to produce green products after receiving orders from retailers through a dual channel. The retailer sells products to customers through a bargaining policy in the dual channel, whereas there is a contract, namely, revenue-sharing between the retailer and manufacturer. The selling price and green innovation-dependent demand are considered. The problem is solved through the game policy. The numerical experiment shows that without offline bargaining, the retailer’s profit decreases to 5.41%, whereas the profit of the manufacturer and the whole supply chain decreases by 25.69% and 10.48%, respectively. If this business continues only in the offline channel, the profit decreases by 40.89%, 42.22%, and 41.45%, respectively. Without online bargaining, the retailer’s profit decreases to 3.99%, whereas the profit of the manufacturer and supply chain decreases by 18.91 % and 13.62 %, respectively. From this numerical result, it is found that online and offline bargaining increase the sales and overall profit.
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Morawska, Izabela. "The impact of the IFRS 15 implementation on the revenue based earnings management in Poland." Journal of Economics and Management 43 (2021): 387–403. http://dx.doi.org/10.22367/jem.2021.43.18.
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Aim/purpose – This paper aims at investigating whether the International Financial Reporting Standard (IFRS) 15 Revenue from Contracts with Customers implementation in Poland has affected earnings management that uses discretion in revenue recognition to avoid losses and earnings decreases. Design/methodology/approach – The empirical studies were conducted using a sample of 80 entities from four industries listed on the Warsaw Stock Exchange (WSE) in Poland from 2016 to 2019. Caylor’s (2010) revenue-based model was applied, and an econometric model describing the studied relation was built and verified to this end. Findings – The analyzed entities managed earnings using discretion in accrued revenue recognition to avoid reporting losses. The research results did not confirm that the IFRS 15 adoption in Poland influenced revenue-based earnings management aimed at avoiding losses and earnings decreases. Research implications/limitations – This study warns of the role played by discretion in revenue recognition and recommends careful recognition of revenue under IFRS 15. Limitations of this study are generally related to the models’ specification and a relatively small number of the entities studied. Originality/value/contribution – This study contributes to the literature on revenue- -based earnings management and is one of the first studies on the association between IFRS 15 adoption and revenue-based earnings management in Poland. Thus, this study bridges the research gap in Poland. Keywords: IFRS 15, earnings management, revenue recognition, earnings benchmarks. JEL Classification: M40, M41, M48.
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Szalacha, Paweł. "Revenue from unapproved claims in the financial statements of Polish construction companies listed on the Warsaw Stock Exchange." Zeszyty Teoretyczne Rachunkowości 47, no. 2 (2023): 81–97. http://dx.doi.org/10.5604/01.3001.0053.6060.
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Purpose: A contractors claims for increased remuneration frequently occur in construction projects. Despite their uncertainty and risk of estimating future cash inflows, accounting standards allow them to be recognized as revenues. The purpose of the arti-cle is to present the conditions for recognizing them as revenues and to propose a checklist of required disclosures. Against this background, the article evaluates the sufficiency of disclosures of Polish construction companies.Methodology/approach: The analysis of the professional literature and accounting regulations, especially IFRS 15 Revenues from Contracts with Customers. The empirical research concentrated on yearly financial statements of 27 Polish construction companies listed on the Warsaw Stock Exchange.Findings: The research showed that recognition of revenues from not yet approved claims requires significant disclosure. Polish construction companies do not present enough necessary information about such revenues or their impact on their financial statements. The vast majority of companies do not disclose any information. Those companies that do disclose such information do not always present the full scope of required disclosures, and the data presented are difficult to compare as their scope and where they are placed in the notes are not uniform.Originality/value: The paper complements the scientific achievements in the financial reporting of companies that conduct longterm construction contracts. It proposes a checklist of required disclosures about revenues from not yet approved claims. It identi-fies a lack of required disclosure of Polish construction companies.