Recognition of Revenues from Contracts with Customers – An Example of Telecommunications Companies in Serbia
DOI:
https://doi.org/10.46793/Rev25112.127RKeywords:
IFRS 15, financial reporting, business models of telecommunications companiesAbstract
This paper presents a method for recognizing revenue in financial statements according to IFRS 15 Revenue from Contracts with Customers. To illustrate the requirements set out in the Standard, the financial statements of telecommunications companies in Serbia were used, as these entities are among the most demanding users of IFRS 15 in practice. Although this was not our goal, the considerations also pointed to the need for minor improvements in the application of this Standard, both at the micro and macro
levels.
References
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