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.
Keywords: contractual obligations, revenue from contracts with customers, control over the underlying asset
Baetge J. Balansovedenie [Bilanzen]. Moscow, Bukhgalterskii uchet Publ., 2000, 454 p.
Kohler E.L. A Dictionary for Accountants. Englewood Cliffs, N.J., Prentice‑Hall, 1957.
Needles B.E. Jr., Anderson H.R., Caldwell J.C. Printsipy bukhgalterskogo ucheta [Principles of Accounting]. Moscow, Finansy i statistika Publ., 1997, 496 p.
Plotnikov V.S., Plotnikova O.V. [The concept of positive accounting for contractual obligations]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2013, vol. 16, iss. 23, pp. 9–17. URL: Link (In Russ.)
Plotnikov V.S., Plotnikova O.V. [The concept of constructive obligation as an element of the draft concept of international integrated reporting]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2013, vol. 16, iss. 47, pp. 2–11. URL: Link (In Russ.)
Plotnikov V.S., Plotnikova O.V. [The concept of positional accounting of contractual obligations]. Bukhgalterskii uchet = Accounting, 2013, no. 9, pp. 122–125. URL: Link (In Russ.)
Plotnikov V.S., Plotnikova O.V. Uchet finansovykh instrumentov kak faktor obespecheniya dostovernosti informatsii o funktsionirovanii kompanii na rynke: monografiya [Accounting of financial instruments as a factor of ensuring the reliability of information about the company's functioning in the market: a monograph]. Moscow, Finansy i Kredit Publ., 2013, 251 p.
Furubotn E.G., Richter R. Instituty i ekonomicheskaya teoriya: Dostizheniya novoi institutsional'noi ekonomicheskoi teorii [Institutions and Economic Theory]. St. Petersburg, Saint-Petersburg State University Publ., 2005, 701 p.
Hendriksen E.S., Van Breda M.F. Teoriya bukhgalterskogo ucheta [Accounting Theory]. Moscow, Finansy i statistika Publ., 1997, 574 p.
Henderson S., Peirson C.G. Financial Accounting Theory: Its Nature and Development. Melbourne, Longman Cheshire, 1983.
Sokolov Ya.V. Osnovy teorii bukhgalterskogo ucheta [Fundamentals of accounting theory]. Moscow, Finansy i statistika Publ., 2000, 495 p.
Pyatov M.L., Smirnova I.A. Kontseptual'nye osnovy mezhdunarodnykh standartov finansovoi otchetnosti [The Conceptual Framework for International Financial Reporting Standards]. Moscow, 1C-Pablishing Publ., 2008, 199 p.
In memoriam: Yaroslav Vyacheslavovich Sokolov (1938–2010) [In memoriam: Yaroslav Sokolov (1938–2010)]. St. Petersburg, Nestor-Istoriya Publ., 2010, 508 p.
Atkinson A.A. et al. Upravlencheskii uchet. 3-e izd [Management Accounting. 3rd ed.]. Moscow, Vil'yams Publ., 2007, 678 p.