Assignment First

代写招聘:IASB和FASB会计准则的协调

为使IASB和FASB会计准则协调一致,各方做出了重大努力。已经采取的步骤之一是在收入确认的情况下从与客户的合同中引入收入。2014年指南发布后,AASB根据这些变化对AASB 118进行了修改。本报告旨在讨论这一变化对不同部门的公司会计核算的影响,以及采用这些会计准则可能遇到的问题。

aasb118对某些类型的交易提供收入的会计处理。三种不同类型的收入确认机制包括

销售收入

服务收入

利息、特许权使用费和股息收入

根据这些会计准则,按照本准则编制的财务报表显示收入。会计准则规定了在这三种情况下确认收入的机制。

就零售和油气行业而言,存在一些具体问题。在零售业,可能没有任何合同,但可能会提供额外的服务,如忠诚度奖金。处理合同中作为附加利益而履行的义务是很重要的,因为附加收入可能不被认为是这些的结果。类似的情况是,零售商提供折扣,但处理这些将是不同的。在石油和天然气工业中,关于生产不平衡的问题是,由于必须考虑生产过剩的收入,因此必须研究对这种不平衡的补偿,并可能与合同有所不同。

以上对合同收入确认的变化进行了讨论。正如所阐述的,有些问题需要解决。IASB也对这些问题进行了更新,因此作出了澄清,甚至推迟了执行。然而,AASB最终实现了它。鉴于上述讨论,可以说,上述已经讨论过的这些方面需要谨慎处理,因为它们可能导致异常情况,对绩效评估将产生重大影响。

代写招聘 :IASB和FASB会计准则的协调

There have been significant efforts to bring IASB and FASB accounting standard in harmony. One of the steps that have been taken is the introduction of revenue from contract with customers under revenue recognition. Subsequent to the issuance of guidelines in 2014 AASB has modified AASB 118 in line with these changes. The report has been prepared to discuss the impact of this change on the accounting by companies in different sections and what issues can be there in adopting these accounting standards.
AASB 118 provides the accounting treatment of revenue in case of certain type of transactions. The three different types of revenue recognition mechanism include
Revenue from Sales
Revenue from Services
Revenue from Interest, Royalty and Dividend
Based on these accounting standards, in accordance with the guidelines, the revenue is shown in the financial statements that are prepared. The accounting standard provides mechanism that has been put in place for recognition of revenue under these three heads.
In case of retail and oil and gas industry, there are specific issues. In retail sector, there might not be any contract, but additional services such as loyalty bonus may be provided. Handling such obligations that are fulfilled under contracts as additional benefits is important as additional revenue may not be considered as a result of these. Similar is the case with discounts being provided by the retailers but the handling of these will be different. In Oil & Gas industry, the issue with respect to production imbalances is there as the consideration of revenue for excess production has to be there wherein the compensation for such imbalances has to be studied and may differ with contracts.
The above discussion on the change in the recognition of revenue from contract has been discussed. As elaborated, there are certain issues that need to be addressed. IASB has also been updated on these issues and thus have provided clarification and even deferred the implementation. However, AASB has finally implemented it. In view of the above discussion, it can be said that these aspects, which have been discussed above, need to be handled carefully as it can result in anomalies that will have significant impact on the performance assessment.