Home  Journals  International Accounting  6(138) - 2010 June

Reporting of income in accordance with the international standard IAS 18 «Revenue»

Available online: 7 June 2010

Subject Heading: REFORNING OF ACCOUNTABILITY

JEL Classification: 

This article investigates the criteria for revenue recognition and its evaluation in accordance with IAS 18 «RevenueWe consider rules of recognition of different types of revenue, namely, the sale of goods, services, earning interest, royalties and dividends. In practical examples, the author vividly illustrates the practical approaches for revenue recognition, as well as the procedure of recognition and reflection of the proceeds in the exchange of goods and receipt of proceeds from dividends.

Keywords: revenue, fair value, economic benefits, the recognition criteria, interest, royalties, dividends

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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