On Recognition of Contract Asset and Contract Liability in the Financial Statements

Levan SABAURI; Mariam VARDIASHVILI; Marina MAISURADZE

Authors

Levan SABAURI
Mariam VARDIASHVILI
Marina MAISURADZE

Keywords:

contracts; financial reporting; revenue from contracts with customers; contract asset; contract liability

Abstract

With the publication of the International Financial Reporting Standard (IFRS) 15 "Revenue from Contracts with Customers", approaches to recognition and methods of measurement of the revenues have changed fundamentally.

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How to Cite

On Recognition of Contract Asset and Contract Liability in the Financial Statements. (2024). Global Journal of Management and Business Research, 23(D2), 27-31. https://journalofbusiness.org/index.php/GJMBR/article/view/102934

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