Formation of systematic information on revenue, corporate accounting and reporting

Abstract

Purpose: formation and disclosure in accounting, systematizer-bath information about the revenue of the Corporation for economic decision-making.

Discussion: the preparation of consolidated financial statements involves the use of International financial reporting standards, also applied in the accounting practice, if the Russian legal acts stipulate the methods of accounting for a specific issue. One of the put in place is currently the international financial reporting standard (IFRS) 15 "Revenue from contracts with customers", establishes the procedure of systematization of accounting information on revenue by identifying the contracts with contractors, responsibilities to their execution, determining the transaction price, allocation of the transaction value, revenue recognition.

Results: the main provisions of the research describe the types and mo-defekatsii agreements with counterparties, the obligation of the supplier to performance-level agreement, methods of evaluation of their implementation, determination of the price of the operation, composition and procedure of recognition of costs associated with fulfillment of contracts and the elements of financial statements due for PAC-opening.