APPLICATION OF INTERNATIONAL FINANCIAL STANDARD IN REVENUE RECOGNITION STAGES
25.11.2023
International Scientific Journal "Science and Innovation". Series A. Volume 2 Issue 11
Eshpulatova Zaynab Baratovna, Usmanov Shakhzod Shokhrukhovich
Abstract. This article reveals the relevance of income accounting issues based on IFRS 15 "Revenue from contracts with customers". Income accounting is analyzed in accordance with International Financial Reporting Standards, proposals have been developed to bring regulatory documents on income accounting into compliance with IFRS, and ways to improve income accounting based on IFRS 15 "Revenue from contracts with customers" are also proposed.
Keywords: contract, receipts, coverage, asset control, contractual assets, accounts receivable
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SCIENCE & INNOVATION