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Journal articles on the topic 'Revenue recognition'

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Published: 4 June 2021

Last updated: 16 June 2025

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ANTLE, RICK, and JOEL S. DEMSKI. "Revenue recognition." Contemporary Accounting Research 5, no. 2 (1989): 423–51. http://dx.doi.org/10.1111/j.1911-3846.1989.tb00713.x.

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Md Salleh, Mohd Fairuz, Norida Basnan, Azlina Ahmad, Azizah Harun, Hairunnizam Wahid, and Ainol Basirah Abdul Wahab. "Amalan Pengiktirafan Hasil Oleh Institusi Wakaf, Zakat, Dan Baitulmal Di Malaysia." IPN Journal of Research and Practice in Public Sector Accounting and Management 8, no. 01 (2018): 1–22. http://dx.doi.org/10.58458/ipnj.v08.01.01.0050.

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This article presents a critical review of revenue recognition practices among the institutions administering waqf, zakah and baitulmal (WZB) in Malaysia. Through a content analysis of financial statements and focus group discussions with the accountants and management of the five WZB institutions, the findings show that different revenue recognition practices have been employed, particularly in recognizing revenues of waqf for specific purpose and in recognizing ‘faraid’ properties or portion of estates of a deceased person that belong to baitulmal. Furthermore, the review of practices of the sample institutions reveals different pointof recognition of ‘luqatah’ as revenue and diverse measurement basis were used in revenues recognition. The findings provide understanding on the current practices of recognition of the various types of revenues administered by the institutions of WZB. The findings can also be used as inputs in developing Islamic accounting standards that will harmonize the accounting and reporting practices among WZB institutions. Keywords: waqf, zakah, baitulmal, revenue recognition, Islamic accounting

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Awotomilusi, Niyi, Oluwayomi Oso, Oluyinka OLUWAGBADE, and Muyiwa Dagunduro. "Evaluating the Effectiveness of IPSAS 23 Regulations on the Redemption of Tax Revenues by the Ekiti State Government." Journal of Accounting and Finance Management 4, no. 5 (2023): 385–99. http://dx.doi.org/10.38035/jafm.v4i5.272.

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Abstract: The study intends to shed light on how adherence to international public sector accounting standards (IPSAS) 23 can enhance the efficient utilization of tax revenues in Ekiti State. In this study, a survey design was employed. Questionnaires were distributed directly to the specified participants, who were the Revenue Officers of Ekiti State Internal Revenue Service (EKSIRS). The entire population comprised 428 revenue officers, and we chose to use a census sampling method, which encompasses the entire population at 100%. Out of all the questionnaires distributed, 311 were returned with completed responses. The collected data was subsequently analyzed using both descriptive and inferential statistical techniques. The results analysis found that the collective impact of IPSAS 23 regulations, including revenue recognition, revenue presentation and disclosure, and revenue measurement, is a reliable predictor of tax revenue redemption by the Ekiti State Government. In essence, the implementation of these IPSAS 23 regulations significantly contributes to the redemption of tax revenues, signifying their importance in enhancing financial transparency and efficiency within the government's fiscal operations. It was concluded that revenue recognition emerges as a prominent contributor to tax revenue redemption, emphasizing the importance of accurate revenue recognition. This study then recommends that the Ekiti State Government should prioritize enhancing revenue recognition practices. This can be achieved through training and capacity-building for relevant staff to ensure accurate and timely recognition of revenue.

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Schipper, Katherine A., Catherine M. Schrand, Terry Shevlin, and T. Jeffrey Wilks. "Reconsidering Revenue Recognition." Accounting Horizons 23, no. 1 (2009): 55–68. http://dx.doi.org/10.2308/acch.2009.23.1.55.

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SYNOPSIS: This commentary summarizes the materials presented and some of the discussion at the November 2007 AAA/FASB Financial Reporting Issues Conference. The topic of the conference was revenue recognition, and the IASB/FASB were considering two new models: the customer consideration model and the measurement model. This commentary provides some background on revenue recognition, discusses the need for a new model, and presents the two models. The conference discussion highlighted that the two proposed models are based on a single conceptual approach but differ in measurement issues. Key aspects in both models are the identification of contractual performance obligations between the seller and customer (which gives rise to a contract liability) and determining when the performance obligation is satisfied (equivalently, when the contract liability is extinguished) and revenue is recognized.

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Nusbaum, Edward E., and Judith Weiss. "Software revenue recognition." Journal of Corporate Accounting & Finance 8, no. 1 (1996): 149–55. http://dx.doi.org/10.1002/jcaf.3970080116.

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Serdarevic, Nino, and Ajla Muratovic-Dedic. "Revenue Recognition and Real Earnings Management in Bosnian Construction Industry." Journal of Forensic Accounting Profession 1, no. 1 (2021): 21–34. http://dx.doi.org/10.2478/jfap-2021-0002.

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Abstract This study explores revenue recognition and reporting expenses relevant to the stage of completion of the contract agreements. Literature suggests that the taxation effects financial reporting, realization of capital gains as well as revenue recognition. We argue that construction firms make use of these estimates to postpone revenue and value added tax recognition. The analysis grounds on the assumption that the value added tax effects timely recognition of revenues from construction agreements, where managers are incentivized to underestimating stage of completion and suppress recognition of gross earnings to better align emerging of the value tax related liability with contracted and expected inflows of cash. Results show that the revenue recognition is positively associated with reported income before tax and cost of material as a direct expense that can be allocated to the execution of construction agreements. These findings build baseline for future research that assesses effects of newly adopted standard IFRS 15 on real earnings management practice in construction industry of Bosnia and Herzegovina.

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Holzmann, Oscar J., and Paul Munter. "New Revenue Recognition Guidance." Journal of Corporate Accounting & Finance 25, no. 6 (2014): 73–76. http://dx.doi.org/10.1002/jcaf.21992.

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Henry, Elaine, and Oscar J. Holzmann. "Contract-based revenue recognition." Journal of Corporate Accounting & Finance 20, no. 5 (2009): 77–81. http://dx.doi.org/10.1002/jcaf.20518.

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Olsen, Lori, and Thomas R. Weirich. "New revenue-recognition model." Journal of Corporate Accounting & Finance 22, no. 1 (2010): 55–61. http://dx.doi.org/10.1002/jcaf.20644.

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Datulangie, Ricky Michael, and Agus Toni Poputra. "ANALISIS PENGAKUAN PENDAPATAN DAN BEBAN PADA PT.PEGADAIAN (PERSERO) CABANG MEGAMAS." ACCOUNTABILITY 5, no. 1 (2016): 26. http://dx.doi.org/10.32400/ja.11868.5.1.2016.26-30.

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Companies are required to arrange their financial statements because it is the important basis to determine the recognition of revenues and expenses in accordance with the applicable rules. The research object in this case is PT. Pegadaian (Persero) Megamas Branch. The purpose was to determine and evaluate the implementation of the recognition of revenues and expenses in PT. Pegadaian (Persero) Megamas Branch. Data analysis is using qualitative method. The type of data is using primary data. Source of the data is using documentation method. This study found that the company adopted PSAK No. 23 (Revised 2010), Revenues, which identifies the fulfillment of the criteria of revenue recognition, the recognition of revenues and expenses done by using the accrual basis, and measurement of revenue recorded by the cash receipts in accordance with PSAK No. 23, paragraph 8.

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Anwar, Yuli. "Pengakuan Pendapatan dan Biaya dalam Kaitannya dengan Penentuan Laba Perusahaan Ekspedisi (Studi Kasus pada PT. EMKL Jelutung Subur)." Jurnal Ilmiah Binaniaga 6, no. 1 (2019): 1. http://dx.doi.org/10.33062/jib.v6i1.218.

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Revenue and cost recognitions is the most important thing to be done by an entity, time and the recognition method must be based on the rules from Financial Accounting Standards. Revenue and cost recognition which is done by PT. EMKL Jelutung Subur located on Pangkalpinang, Bangka Belitung province is done by using the accrual basis, and it can be seen with its influences to company profits every year. This research is useful to get a data and information for preparing this thesis and improving my knowledge and also for comparing between theories accepted against facts applied in the field. The result of this research shows that PT. EMKL Jelutung Subur has implemented one of the revenue and cost recognition method (accrual basis) continually, so that profit accuracy is accountable to be used for developing this kind of expedition business in order to become a better company. The accuracy is evaluated because all revenues received and cost spent have clear evidence and found in the period of time. The evaluation shows there is one thing that miss from revenue and cost recognition done by PT. EMKL Jelutung Subur, that is charge to the customers who use the storage service temporary, because some customers keep their goods for a long time in the warehouse, and it will increase the costs of loading, warehouse maintenance, damaged goods and decreasing a quantity of goods. If the storage service is charged to the customers, PT. EMKL Jelutung Subur will earn additional revenue to cover all the expenses above

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Ohlson, James A., Stephen H. Penman, Yuri Biondi, et al. "Accounting for Revenues: A Framework for Standard Setting." Accounting Horizons 25, no. 3 (2011): 577–92. http://dx.doi.org/10.2308/acch-50027.

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SYNOPSIS This paper proposes an accounting for revenues as an alternative to the proposals currently being aired by the FASB and IASB. Existing revenue recognition rules are vague, resulting in messy application, so the Boards are seeking a remedy. However, their proposals replace the traditional criteria—revenue is recognized when it is both “realized or realizable” and “earned”—with similarly vague notions that require both the identification of a “performance obligation” and the “satisfaction” of a performance obligation. Our framework aims for the concreteness that yields practical accounting solutions. It has two features. First, revenue is recognized when a customer makes a payment or a firm commitment to pay. Second, revenue recognition and profit recognition are combined, with profit recognition determined on the basis of objective criteria about the resolution of uncertainty under a contract, and then conservatively so. Two alternative approaches are offered: the complete contract method (where profit is recognized only on the termination of a contract) and the profit margin method (where a profit margin is applied to recognized revenues throughout the contract as the contract profit margin becomes clear. The latter requires resolution of uncertainty, so the completed contract method is the default.

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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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Purba, Carolina Frakusya, Halomoan Sihombing, and Danri T. Siboro. "Analisis Pengakuan Pendapatan dan Beban Pada PTPN III (Persero) Medan." Jurnal Sistem Informasi, Akuntansi dan Manajemen 4, no. 2 (2024): 168–77. http://dx.doi.org/10.54951/sintama.v4i2.629.

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This study aims to determine whether the recognition of revenues and expenses at PT Perkebunan Nusantara III (Persero) Medan is by financial accounting standards. This study's primary and secondary data sources are primary and secondary. Data collection techniques in this study were interviews and documentation. The data analysis methods used in this research are descriptive and comparative analysis. At PT Perkebunan Nusantara III (Persero) Medan, the method applied in revenue recognition is the accrual basis. Revenue is recognized based on the amount of money received from customers less expenses. At PT Perkebunan Nusantara III (Persero), Medan expenses are recognized in the financial statements by the basis used, namely the accrual basis; the expenses are recognized when the transaction occurs. The results show that the company has applied the revenue recognition method according to PSAK.72, where revenue is recognized when the asset is transferred to the customer.

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Schuldt, Michael, and Jose Vega. "An examination of SEC revenue recognition comments and IPO earnings management." Accounting Research Journal 31, no. 3 (2018): 371–87. http://dx.doi.org/10.1108/arj-11-2015-0135.

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Purpose The purpose of this study is to examine the association between revenue-based earnings management in the periods immediately before and after firms’ initial public offerings (IPOs) and regulatory scrutiny by the United States Securities and Exchange Commission (SEC) during review of IPO firms’ registration statements. Design/methodology/approach This paper uses conditional discretionary revenues (Stubben, 2010) as its measure of earnings management, and revenue recognition comments delivered by the SEC as its measure of regulatory scrutiny. The authors use ordinary least squares regression (OLS) models, as well as a supplemental count model, to assess the association between conditional discretionary revenues and revenue recognition comments delivered by the SEC. Findings This study finds evidence of a positive association between earnings management measures in the pre-IPO period and the number of revenue recognition comments received by those firms during the SEC’s review. Furthermore, this study provides evidence that greater numbers of comments are associated with declining earnings management measures in the post-IPO period. However, the evidence suggests that these associations apply only to income-decreasing earnings management. Originality/value This paper extends the IPO earnings management literature by using conditional discretionary revenues as the measure of earnings management, and contributes to a nascent research stream in the accounting literature by investigating the SEC’s comment letter process and its association with, and impact upon, earnings management in the IPO process.

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Bohušová, Hana. "Development of the common standard for revenue recording as a part of the US GAAP and IAS/IFRS systems convergence." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 57, no. 6 (2009): 29–44. http://dx.doi.org/10.11118/actaun200957060029.

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The most significant difference between US GAAP and IFRSs is in the area of general approach. IFRSs are based on basic accounting principles1 with limited application guidance, US GAAPs are based especially on rules with specific application guidance. FASB and IASB initiated their joint project on revenue recording to converge IFRS and US GAAP in this area. The main objective of this paper is comparative analysis of revenue recognition under both systems, evaluation of the most significant differences in revenue recognition and measurements as a starting point for the preparation of the new general standard for revenue recognition and the new approach to the revenue recognition development.In this paper, the current approaches to revenue recognition under both systems are compared. The most significant difference is the general approach to revenue recognition. There is the Conceptual Framework where revenue is defined, two standards on revenue recognition and interpretations concerning revenue recognition and measurement in the IAS/IFRS. On the other hand, there are many standards and guidance concerning revenue in the US GAAP. Revenue is defined in the Statements of Financial Accounting concepts (CON 5, CON 6). There is not any general standard for revenue recognition under the US GAAP. The most significant differences in revenue recognition concern the long-term contracts and deferred payments. Despite this difference, there are many similarities between both systems.Based on the results of the comparative analysis which was done in the paper, a new approach for revenue recognition based on principles for the new general standard for revenue recognition common for both systems is being developed.

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Munter, Paul. "Special Report: Revenue Recognition Update." Journal of Corporate Accounting & Finance 12, no. 6 (2001): 67–80. http://dx.doi.org/10.1002/jcaf.1112.

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Altamuro, Jennifer, Anne L. Beatty, and Joseph Weber. "The Effects of Accelerated Revenue Recognition on Earnings Management and Earnings Informativeness: Evidence from SEC Staff Accounting Bulletin No. 101." Accounting Review 80, no. 2 (2005): 373–401. http://dx.doi.org/10.2308/accr.2005.80.2.373.

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The SEC issued Staff Accounting Bulletin (SAB) No. 101 to address its concern that firms were masking true performance by managing earnings using accelerated revenue recognition. Critics of this Accounting Bulletin stated that it would eliminate industry-accepted revenue recognition practices and reduce the quality of reported earnings. The FASB's revenue recognition discussions echo these concerns stating that revenues recorded prior to the completion of the earnings process contain value-relevant information about future performance. This paper investigates these two hypotheses using a sample of firms that accelerated revenue recognition prior to SAB No. 101 adoption (SAB 101 firms) and a matched set of firms that were unaffected by this regulation (unaffected firms). Our earnings distribution tests indicate that SAB 101 firms are more likely to meet earnings benchmarks. Specifically, we find that, in the pre-adoption period, SAB 101 firms report fewer small negative and more small positive earnings than they do in the post-adoption period and than do unaffected firms in the pre-adoption period; SAB 101 firms report fewer small negative and more small positive earnings changes in the pre-adoption period compared to the post-adoption period. We also document that SAB 101 firms are more likely to have weaker corporate governance and more likely to have financial covenants, providing them with greater incentives to manage earnings. However, we find that the association between earnings and future cash flows and between unexpected earnings and earnings announcement period returns were higher for SAB 101 firms than for unaffected firms in the preadoption period, indicating higher earnings informativeness for SAB 101 firms. These associations declined for SAB 101 firms in the post-adoption period, suggesting that SAB No. 101 caused a decline in earnings informativeness. Overall, our results suggest that, although the revenue recognition practices targeted by SAB No. 101 have been used by some firms to manage earnings, the regulation's prohibition of revenue recognition prior to completion of the earnings process, on average, results in less informative earnings since these unearned revenues provide value-relevant information.

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Fajriyah, Lenny Nur, and Adilistiono. "AKUNTANSI PENDAPATAN RETRIBUSI PEMAKAIAN KEKAYAAN DAERAH PADA BADAN PENGELOLA PENDAPATAN DAERAH PROVINSI JAWA TENGAH." Jurnal Aktual Akuntansi Keuangan Bisnis Terapan (AKUNBISNIS) 2, no. 1 (2019): 81. http://dx.doi.org/10.32497/akunbisnis.v2i1.1526.

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This research aims to determine the accounting process starting from transactions by supporting documents to present them into financial statements. As well as to determine the suitability of processing supporting documents used by the Central Java Province Revenue Management Agency and the accounting treatment of revenue from the use of regional wealth. The method used is the description and exposition method. The description method is used to explain the general description of the Central Java Province Regional Revenue Management Agency, the vision and mission, organizational structure, and duties and exposition method are used to explain the application of accrual basis on the recognition, measurement, presentation and disclosure of Regional Property Usage levies on Central Java Provincial Revenue Management Agency. The results of this final project writing are showing the supporting documents of the Central Java Province Regional Revenue Management Agency has been processed correctly, besides knowing the recognition, measurement and presentation of revenue revenues from the regional wealth management levies in Central Java Province

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Kalpinagarajarao, Gopikrishna. "Integration with revenue management for revenue recognition through subscriptions workflows." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 12 (2024): 1–7. https://doi.org/10.55041/ijsrem32984.

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In today’s subscription-driven economy, businesses rely heavily on accurate and automated revenue management systems to ensure compliance, efficiency, and scalability. Integrating revenue management with subscription workflows involves handling complex processes such as billing, payment allocation, and revenue recognition. Middleware tools like MuleSoft, Service-Oriented Architecture (SOA), and Boomi play a pivotal role in streamlining these integrations, enabling seamless data flow and ensuring compliance with standards like ASC 606 and IFRS 15. Integrating revenue management with subscription workflows is critical for accurate revenue recognition, especially in subscription-based business models. In such setups, the integration ensures compliance with accounting standards like ASC 606 or IFRS 15, while also streamlining financial processes. Keywords: SOA, Middleware, Subscription management, Revenue Management, BOOMI,

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Zhou, Duanlang. "Analysis of Revenue Recognition Issues in the Online Game Industry under the New Standards." Frontiers in Business, Economics and Management 17, no. 2 (2024): 111–17. https://doi.org/10.54097/nmtkbk84.

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With the continuous development of the Internet and the implementation of the new revenue standards officially announced by the Ministry of Finance in 2017, the recognition of revenue has a significant impact on the online game industry, which is related to the healthy development of the entire online game industry. Accounting treatment is also based on the recognition of revenue. This paper uses the investigation method and literature research method to study the online game industry revenue recognition under the new revenue criteria, which mainly includes three aspects: revenue recognition time point, transaction complexity, precipitation income, and puts forward suggestions, aiming to provide reference for the future online game industry revenue recognition related issues.

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Chandra, Uday, Saurav K. Dutta, and David J. Marcinko. "Revenue Recognition at TSA, Inc.—A Roller Coaster Ride." Issues in Accounting Education 33, no. 3 (2018): 101–16. http://dx.doi.org/10.2308/iace-52099.

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ABSTRACT This case chronicles revenue recognition practices at TSA, Inc. from 1997 to 2002. As growth in TSA's revenue declined, the company's revenue recognition practices became more aggressive. In 2002, TSA's incoming auditors re-evaluated its revenue recognition policies and restated its financial statements for three prior years. The case provides a real-world situation with complex contracts through which students can improve their understanding of the five-step revenue recognition process under ASC 606, which became effective in fiscal year 2018 for most public entities. Further, it is a rich setting in which to illustrate the judgment and complexity involved in revenue recognition. The case provides students with an opportunity to approach revenue recognition from different perspectives—that of corporate accountant, manager, external auditor, and investor—and is designed for use in Intermediate Accounting as well as in capstone accounting courses at both the undergraduate and graduate levels.

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LeClair, Raymond A., and Evan Schulman. "Revenue Recognition Certificates: A New Security." Financial Analysts Journal 62, no. 4 (2006): 20–30. http://dx.doi.org/10.2469/faj.v62.n4.4184.

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Hurtt, David N., Jerry G. Kreuze, and Sheldon A. Langsam. "Auditing to combat revenue recognition fraud." Journal of Corporate Accounting & Finance 11, no. 4 (2000): 51–59. http://dx.doi.org/10.1002/1097-0053(200005/06)11:4<51::aid-jcaf8>3.0.co;2-v.

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Lu, Hung-Yuan, and Sophia Wang. "Does lifting the objective-price constraint in revenue recognition increase the value relevance of earnings and revenue?" Asian Review of Accounting 26, no. 4 (2018): 545–70. http://dx.doi.org/10.1108/ara-08-2017-0126.

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Purpose This paper examines how managerial discretion and judgment in revenue recognition affect earnings and revenue value relevance. Specifically, the purpose of this paper is to assess the impact of lifting the objective-price constraint in revenue recognition on the value relevance of earnings and revenue by examining firms’ contemporaneous returns-earnings/revenue relation before and after the implementation of Accounting Standards Update (ASU) 2009-13. In addition, this paper examines how the change in earnings value relevance is conditioned by agency costs, corporate governance, information environment, and audit quality. This paper further examines whether earnings, revenue, and accruals quality change after the objective-price constraint is lifted. Design/methodology/approach This paper employs a difference-in-differences research design to examine whether earnings and revenue value relevance are enhanced or lowered more for a list of 107 US firms that applied selling price estimates in revenue recognition under ASU 2009-13 than for a list of 107 matched US firms that did not apply selling price estimates. Sub-sample analyses are employed to examine how agency costs, corporate governance, information environment, and audit quality condition the change in value relevance. Additional analyses examine the changes in earnings, revenue, and accruals quality using accruals, revenue accruals, discretionary revenue, absolute abnormal accruals, earnings/revenue predictability, and smoothness. Findings The empirical results suggest that lifting the objective-price constraint in revenue recognition improves earnings and revenue value relevance for positive earnings and that the effect of information usefulness dominates that of managerial opportunism. Change in the earnings value relevance is conditioned by the level of corporate governance, information environment, and audit quality. Evidence of no significant reduction in the earnings/revenue/accruals quality corroborates the main findings. Research limitations/implications The findings lend support to the new revenue standard (ASU 2014-09) that continues the use of the estimates of selling price in revenue recognition. Originality/value This study provides some of the first evidence that managerial judgment exercised in revenue recognition through the use of selling price estimates (i.e. lifting the objective-price constraint in revenue recognition) enhances earnings and revenue value relevance while such benefit does not come at a cost of reduced earnings/revenue/accruals quality.

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Conrod, Joan Davison, and Judy Cumby. "On-Line Gaming, Financial Reporting, and Audit: Chester Games Corp." Issues in Accounting Education 31, no. 4 (2015): 431–37. http://dx.doi.org/10.2308/iace-51221.

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ABSTRACT This case examines selected financial reporting and audit issues in the context of the on-line gaming industry. Key issues are revenue recognition and asset impairment under IFRS. Revenue trends are critical for the company as it considers a public offering. The estimates inherent in recognizing revenue for virtual goods, both consumable goods and durable goods, make revenue recognition and audit of revenue especially judgmental. IAS 18 or IFRS 15 may be used as a framework to discuss revenue recognition. Judgment is also required to support impairment testing of an intangible asset and goodwill.

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Zharunisa, Zharunisa, Priandaru Wahyu Hutomo, and Amrie Firmansyah. "Consignment Income Recognition and Measurement in Indonesia Retail Companies." JURNAL TERAPAN MANAJEMEN DAN BISNIS 4, no. 2 (2018): 202. http://dx.doi.org/10.26737/jtmb.v4i2.935.

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<p>This study aims to review the consignment income recognition and measurement from the consignee. Up to now, there is no specific Indonesia Statement of Financial Accounting Standards (hereinafter referred to as PSAK) that regulates the recognition, measurement, and disclosure of consignment revenues. The PSAK used in this study refers to PSAK 23, 2017 on Corporate Revenues.</p><p>The research method used in this research is qualitative descriptive by comparing data obtained from direct observations in a company with theories and financial accounting standards related to consignment income. The population used in this study is the financial statements of 2017 from the retail sub-sector companies listed on the Indonesia Stock Exchange (IDX). Based on the examination of 93 companies regarding consignment transaction information, this study obtained a final sample of 10 companies. This paper analyzes the application in the consignment income recognition and measurement in retail companies to further examine its suitability with revenue recognition by PSAK 23, 2017.</p>This study finds that the retail sub-sector companies have some similarities in recording consignment revenues and have obediently made disclosures related to consignment sales revenue following PSAK 23, 2017 even though there was no specific PSAK regulating consignment.

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Medellu, Bellatryx Yulsrivita, Lintje Kalangi, and I. Gede Suwetja. "Analisis pelaksanaan program pemberian keringanan dan pembebasan denda Pajak Kendaraan Bermotor dan Bea Balik Nama Kendaraan Bermotor berdasarkan Pergub Sulut No 61 Tahun 2020 (Studi pada Kantor Samsat Pembantu Sitaro)." Riset Akuntansi dan Portofolio Investasi 2, no. 2 (2024): 511–25. https://doi.org/10.58784/rapi.254.

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Motor Vehicle Tax (PKB) and Motor Vehicle Name Transfer Fee (BBNKB) are local taxes governed by the local tax incentive regulation outlined in Sulawesi Utara Governor Regulation No. 61 of 2020. This research aims to determine whether the implementation of the PKB and BBNKB relief and waiver program at the Sitaro Samsat Assistant Office is in accordance with Governor Regulation No. 61 of 2020; understand the recognition, measurement, presentation, and disclosure of the motor vehicle tax relief and waiver program at the Sitaro Samsat Assistant Office; and identify the causes of the decline in PKB and BBNKB revenue in 2023. The method used is descriptive qualitative research. Based on the findings from the Sitaro Samsat Assistant Office, it can be concluded that: the implementation of the tax relief and waiver program for motor vehicle taxes and name transfer fees has complied with Governor Regulation No. 61 of 2020; Revenue recognition is based on the values stated in the relevant documents at the time of payment. Measurement is conducted based on the fair value received, and the presentation and disclosure of motor vehicle tax revenues must be separated and reported according to the type of income as incentives (PKB and BBNKB) and penalty waivers, with all revenues presented in Indonesian Rupiah in accordance with applicable accounting standards. Revenue disclosure in operational reports includes clear classifications: types of revenue received such as PKB, BBNKB, penalty waivers, implementation periods, and revenue amounts; The causes of the decline in motor vehicle tax and name transfer fee revenues include incentive policies, timing of implementation, socialization, and taxpayer awareness.

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Cai, Wenhui. "Comparison of old and new revenue recognition criteria and countermeasures——Take Evergrande Real Estate Group Co., Ltd. as an example." Highlights in Business, Economics and Management 7 (April 5, 2023): 478–84. http://dx.doi.org/10.54097/hbem.v7i.7015.

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In the current social development, transaction mode is constantly having to bring out the old, and the step and method of revenue recognition is becoming more and more complex. So the defects of the original income criterion are exposed gradually. In order to comply with the trend of Chinese economic development and perfect our accounting information standard, the Ministry of Finance made an innovation income recognition criterion decision. Therefore, the Accounting Standards for Business Enterprises No.14 Revenue (Finance and Accounting [2017] No.22) was released in July 2017. Compared with the original revenue recognition standards, the adjustment between the two standards and the revenue recognition standards in international financial reports basically converge, and the requirements for the way, time or time of revenue recognition of enterprises are significantly improved. Income is a very important indicator to evaluate the profitability of an enterprise in the process of operation, so the recognition and measurement of income is very important. The purpose of this study is to compare the differences between the old and new revenue recognition criteria, propose solutions to the problems, and clearly define how real estate enterprises recognize revenue under the new standard, what impact it will bring to real estate enterprises in practice, and what aspects real estate enterprises should pay attention to under the revised revenue criteria. This paper will also have a reference for other enterprises.

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Pratiwi, Yuri, and Bambang Pamungkas. "Analisis Pengakuan Pendapatan, Belanja, dan Pembiayaan Daerah Pada Pemerintah Daerah Kota Bogor." Jurnal Ilmiah Akuntansi Kesatuan 2, no. 1 (2018): 059–72. http://dx.doi.org/10.37641/jiakes.v2i1.46.

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Recognition of Revenue, Expenditure, and Financing Area applied by the Bogor City Government is using cash basis toward accrual and the cash basis for the recognition and measurement of revenue, expenditure, and financing as well as the accrual basis for the recognition and measurement of assets, liabilities, and equity. Policies, recording, and accounting report for revenue, expenditure, and financing areas that applied by the Bogor City Government is in conformity with PSAP No. 02 by PP No. 24 of 2005 about Government Accounting Standards. Where for the recognition of revenue, expenditure, and financing areas, recognition using the cash basis. While the measurement of income, expenditure, and financing of used area using the currency. While the revenue, expenditure, and financing areas measured in foreign currency must be converted into rupiah at Bank Indonesia middle rate on the transaction date. Accounting records for revenue, expenditure, and financing areas that applied by the Bogor City Government is fully in accordance with the PSAP No. 02 by PP No. 24 of 2005. Where records for revenue, expenditure, and financing area, the recording using the cash basis

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Swain, Monte R., Robert D. Allen, David M. Cottrell, and Kyle Pexton. "TechMall.com: Revenue Recognition in the Internet Economy." Issues in Accounting Education 17, no. 4 (2002): 389–400. http://dx.doi.org/10.2308/iace.2002.17.4.389.

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This case will help you explore the impact of authoritative revenue recognition literature in the context of e-commerce. In addition to better understanding e-commerce companies, you will have the opportunity to consider important GAAP literature that significantly impacts the revenue recognition practices of numerous organizations. Further, you will gain an appreciation for the fact that decisions regarding revenue recognition policies must often be made in a setting of significant professional and personal pressure.

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Marshall, Dara, Nancy Chun Feng;, Mary L. Fischer;, et al. "Response to the GASB's Invitation to Comment on Revenue and Expense Recognition: Project No. 4-6I." Journal of Governmental & Nonprofit Accounting 7, no. 1 (2018): 97–103. http://dx.doi.org/10.2308/ogna-52328.

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ABSTRACT The objective of the Governmental Accounting Standards Board's (GASB) Revenue and Expense Recognition Project is to develop a comprehensive model for classification, recognition, and measurement of revenues and expenses for governmental entities. A conceptual framework would provide a basis for evaluating revenue and expense recognition, provide guidance regarding exchange and exchange-like transactions that have not been specifically addressed, and improve the consistency of financial reporting for decision making and the assessment of accountability. The GASB issued an Invitation to Comment (ITC No. 4-6I) in January 2018 to seek feedback regarding the classification and recognition of revenue and expense transactions, excluding the issue of measurement as it will be addressed in a subsequent phase of the project. The GASB proposed two models developed by a task force at an earlier stage in the project: an exchange/nonexchange model and a performance obligation/no performance obligation model. This commentary provides the response submitted to the GASB from the Accounting and Auditing Standards Committee of the Governmental and Nonprofit Accounting Section of the American Accounting Association. In addition, directions for future research are discussed. Data Availability: Details regarding the GASB project can be found on its website at: https://www.gasb.org/jsp/GASB/Document_C/DocumentPage?cid=1176169978401&acceptedDisclaimer=true

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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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Barragato, Charles A. "The impact of accounting regulation on non-profit revenue recognition." Journal of Applied Accounting Research 20, no. 2 (2019): 190–206. http://dx.doi.org/10.1108/jaar-03-2017-0041.

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Purpose The purpose of this paper is to examine the requirement that non-profit organizations recognize unconditional promises to give as assets and revenues in the year promises are received as mandated by Statement of Financial Accounting Standards (SFAS) No. 116. Design/methodology/approach Using the adoption of SFAS No. 116 and financial information reported on Internal Revenue Service Form 990, the study examines the requirement that non-profit organizations recognize unconditional promises to give as assets and revenues in the year promises are received. Combining insights derived from a model developed by Dechow, Kothari and Watts (1998) with the rationale applied by the Financial Accounting Standards Board (FASB) in mandating recognition treatment, it adopts the view that information about promises to give is relevant if it useful in assessing probable future cash inflows. The study also employs relative tests of predictive ability to assess competing specifications. Findings The study finds that recognizing unconditional promises to give as assets and as revenues in the year received improves predictions of next period’s cash inflows. It also finds that accrual-based contribution revenue consistently provides information content that is incremental to cash-based contribution revenue. Research limitations/implications This paper has implications for several other lines of research as well. First, an ancillary concern expressed by many organizations in the non-profit sector was that the recognition of multi-year promises to give would adversely affect trends in long-term giving. In this regard, another promising line of inquiry would be to empirically test the Standard’s impact on the time-series properties of contributions and short- and long-term giving trends. Second, future research might consider conducting tests after partitioning by NTEE/NAICS classification, as well as substituting or supplementing the SOI data with financial statement data. Third, future research might consider applying the approach used in this study to other industries or groups for which market prices are not readily ascertainable. Data constraints, including the calculation of cash flow information indirectly from the balance sheet, impose limitations on this study. Practical implications This study documents that by recognizing unconditional promises to give as assets and revenues in the period received, donors, creditors and other users gain useful information about probable future cash inflows – a fundamental element of the accrual process and one of several important factors used to evaluate an organization’s ability to sustain future operations. This information is valuable to stakeholders and practitioners who rely on this information to make informed decisions. It is also helpful to standard setters in establishing guidelines that improve the usefulness of financial reporting for non-profits. Originality/value The paper contributes to existing literature by operationalizing, in a non-profit setting, a model that describes the relationship among revenues, accruals and cash flows. It fills a gap in the accrual literature regarding the relevance of non-profit revenue accruals. The study is the first to employ a relative information content approach to assess non-profit standards, which provides useful input to policy makers and end users. It affirms that many of the key conventions and elements embodied in the FASB Concepts Statements apply to non-profits as well, which heretofore has not been studied extensively. The results are also consistent with Accounting Standards Update 958, Not-for-Profit Entities, which requires that non-profits provide users with information about liquidity, including how they manage liquid resources needed to meet cash requirements for general expenditures within one year of the date of the statement of financial position.

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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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Yusram, Yusram, Fransiskus Randa, and Sherly E. Tanamal. "THE IDENTIFICATION OF INCOME CONTINGENT TRANSACTION IN LOCAL GOVERNMENT ENTITIES." AJAR 5, no. 02 (2022): 170–92. http://dx.doi.org/10.35129/ajar.v5i02.338.

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This study is intended to identify contingent income transactions in local government entities. The research was conducted using qualitative methods through in-depth interviews and field observations. The key informants in this study were BPKAD staff in East Luwuk district. The results show that the local government revenue account indicated as a contingent transaction is due to a formal engagement through a contract or engagement. Recognition of revenue that is tied to the contact requires that new revenue be recognized if the engagement is fulfilled, but if it is not fulfilled, it cannot be recognized as revenue. The income transactions in question are; Road Lighting Tax Revenues, Land and Building Rights Acquisition Tax Revenues, Non-Rock Minerals Tax, Retribution Revenues, Other Legitimate Revenues include sales of official vehicles, late fees, receipt of health insurance), income Central transfer of funds for Special Allocations and Other Legislative income under regional grant agreements. The results of the identification are expected to be the basis of prudence for the management of regional assets transactions in recognizing income transactions in order to avoid future uncertainties which result in the resulting financial statements knowing the element of uncertainty

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Šoljaková, Libuše. "Impact of Revenue Recognition on Future Performance." Český finanční a účetní časopis 2009, no. 1 (2009): 83–86. http://dx.doi.org/10.18267/j.cfuc.23.

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Šoljaková, Libuše. "Impact of Revenue Recognition on Future Performance." Český finanční a účetní časopis 2007, no. 3 (2007): 88–91. http://dx.doi.org/10.18267/j.cfuc.238.

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Жданова, Лариса, Larisa Zhdanova, Зоя Чеботарева, and Zoya Chebotareva. "The features of revenue recognition in airlines." Russian Journal of Management 7, no. 1 (2019): 6–10. http://dx.doi.org/10.29039/article_5d0a42960edd02.10953546.

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Nobes, Christopher W. "Revenue Recognition and EU Endorsement of IFRS." Accounting in Europe 3, no. 1 (2006): 81–89. http://dx.doi.org/10.1080/09638180600920210.

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Caylor, Marcus L. "Strategic revenue recognition to achieve earnings benchmarks." Journal of Accounting and Public Policy 29, no. 1 (2010): 82–95. http://dx.doi.org/10.1016/j.jaccpubpol.2009.10.008.

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Dutta, Sunil, and Xiao-jun Zhang. "Revenue Recognition in a Multiperiod Agency Setting." Journal of Accounting Research 40, no. 1 (2002): 67–83. http://dx.doi.org/10.1111/1475-679x.00039.

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Weirich, Thomas R., and Robert W. Rouse. "SEC issues controversial guidelines on revenue recognition." Journal of Corporate Accounting & Finance 12, no. 1 (2000): 57–61. http://dx.doi.org/10.1002/1097-0053(200011/12)12:1<57::aid-jcaf9>3.0.co;2-3.

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Holzmann, Oscar J. "Revenue recognition convergence: The contract-based model." Journal of Corporate Accounting & Finance 22, no. 6 (2011): 87–92. http://dx.doi.org/10.1002/jcaf.20727.

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Nusbaum, Edward E., and Judith Weiss. "AICPA/SOP 97-2—software revenue recognition." Journal of Corporate Accounting & Finance 9, no. 2 (1998): 155–62. http://dx.doi.org/10.1002/jcaf.3970090217.

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Subagja, Riki, and Didit Pradipto. "Analisis Penerapan Pengakuan Pendapatan Kontrak Konstruksi Berdasarkan PSAK 34." Jurnal Ilmiah Akuntansi Kesatuan 7, no. 3 (2019): 391–96. http://dx.doi.org/10.37641/jiakes.v7i3.298.

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This study aims to analyze the implementation of contract revenue recognition based on PSAK 34. The problem that is often faced by companies that are particularly engaged in the field of construction services in the recognition of income is the method of revenue recognition what should be used or applied, because there are differences in recognition between the one method with others. Especially if a project is done is more than a year or the so-called Long-term project. In addition, the presentation of financial statements of income recognition in each accounting period must be reported in accordance with generally accepted Accounting Standards (PSAK No. 34 concerning Construction Contracts). There is only one method used or applied that is the percentage completion method. The percentage method recognizes income with two approaches, based on physical progress and cost-to-cost. PT X as a construction service company uses the percentage of completion method with a physical progress approach (Physical progress) in the recognition of his opinion for both long-term contract and short-term contract. The results of this study conclude that the accounting treatment of the application of revenue recognition of construction services by using the percentage of completion method with physical progress approach on PT X is in conformity with the accounting standards set in PSAK No. 34. However, when compared to revenue recognition using the percentage of completion method with a cost-to-cost approach the firm can recognize the revenue and expenses more to illustrate or show a more proportional calculation because it corresponds to the costs incurred or poured out.  Keywords: revenue recognition, expense recognition, PSAK no. 34

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Fauzi, Achmad. "PERHITUNGAN PSAK 23 (PENDAPATAN OPERASIONAL , NON OPERASIONAL) DAN PELAPORAN KEUANGAN PERUSAHAAN PADA PT JASA MARGA (PERSERO) TBK." Cakrawala Management Business Journal 1, no. 1 (2019): 102. http://dx.doi.org/10.30862/cm-bj.v1i1.7.

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PSAK number 23 is described and explained about revenue recognition that can be used for companies. The collection method in this study is a qualitative research method with case studies. Implementation of operational, non-operational, and application revenue recognition with the Company's financial statements. PT Jasa Marga uses the cash basis method as a basis for revenue recognition, revenue is only calculated based on cash receipts and disbursements, with basic cash usage. PT Jasa Marga implements Minimum Service Standards (SPM) to obtain normal income and activities carried out by the company can run well.

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Freidank, Carl-Christian, Patrick Velte, and Stefan C. Weber. "Erfolgserfassung nach Handels- und Steuerrecht sowie nach IFRS." Der Betriebswirt: Volume 54, Issue 3 54, no. 3 (2013): 23–26. http://dx.doi.org/10.3790/dbw.54.3.23.

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Die Erfolgserfassung bildet eine der zentralen Komponenten der Rechnungslegung. Unmittelbar verknüpft hiermit ist das Realisationsprinzip, welches sowohl nach Handels- und Steuerrecht als auch nach IFRS bedeutsam ist. Die jeweilige Auslegung des Realisationsprinzips nimmt einen wesentlichen Einfluss auf die Periodenerfolgsermittlung. Der vorliegende Beitrag stellt die entsprechenden Erfolgserfassungskonzeptionen nach Handels- und Steuerrecht sowie nach IFRS vergleichend vor. / Revenue recognition is one of the key elements of financial accounting. In this context, the realization principle is of great importance in the German commercial and tax law and according to the IFRS. The following article gives an overview of the revenue recognition concepts according to HGB/EStG and IFRS. Revenue recognition is one of the key elements of financial accounting. In this context, the realization principle is of great importance in the German commercial and tax law and according to the IFRS. The following article gives an overview of the revenue recognition concepts according to HGB/EStG and IFRS. Keywords: transaktionsansatz, revenue and expense approach, pocm, imparitätsprinzip

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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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Nicholas, Nicholas, and Syaiful Syaiful. "Evaluation Of Revenue Recognition Method Construction Contract PT. Wahana Multitron." Return : Study of Management, Economic and Bussines 2, no. 1 (2023): 1–13. http://dx.doi.org/10.57096/return.v1i05.34.

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Background: The completed contract method is a method that recognizes the company's revenue and gross profit only when the contract or work is completed. Contract revenue is recognized only to the extent that the costs incurred are expected to be recovered. After all expenses are recognized, profit is recognized. Aim: The purpose of the study was to evaluate the method of recognizing revenue for construction contracts at PT. Wahana Multitron whether the revenue recognition method used was in accordance with accounting standards and to find out when and how revenue from construction services was recognized. The purpose of the study was to evaluate the method of recognizing revenue for construction contracts at PT. Wahana Multitron whether the revenue recognition method used was in accordance with accounting standards and to find out when and how revenue from construction services was recognized. Method: The research was conducted by evaluating the parts related to construction income, project costs, receipt of payment terms according to the construction contract agreement and the completeness of the supporting letters in carrying out the project. Findings:. The results of this study indicate that the company already has advantages such as a clear organizational structure and job description, systematic cost allocation. However, there are still some weaknesses such as errors in when to recognize construction revenue and errors in when to recognize project costs.

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