NDLI: Normative accounting research and revenue recognition principles for contracts for work and services

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Normative accounting research and revenue recognition principles for contracts for work and services

Content Provider	Springer Nature Link
Author	Wüstemann, Jens Wüstemann, Sonja
Copyright Year	2009
Abstract	Ein an Bedeutung kaum zu überschätzender Teil der in der Industrie und zunehmend auch im Dienstleistungssektor geschlossenen Verträge unterliegen dem Werkvertragsrecht; dennoch erfolgte für diesen Vertragstyp bislang keine wissenschaftlich befriedigende Ableitung von Bilanzierungsgrundsätzen. In diesem Beitrag werden diese Gewinnrealisierungsprinzipien für die Rechnungslegung nach IFRS und GoB nach dem jeweils heranzuziehenden, begründeten normativen Methodenkanon entwickelt: Die Autoren kommen für die GoB zu einem differenzierten Ergebnis, das in wirtschaftlicher Betrachtungsweise die Gewinnentstehung betont; dies führt zu systemkonsequenten Prinzipien der Teilgewinnrealisierung für den Fall langfristiger Werkverträge. Für die IFRS wird zunächst eine (hiervon häufig abweichende) Ertragsvereinnahmung mit fortschreitender Leistungserbringung bei kundenspezifisch zu erstellenden Werken festgestellt; es zeigt sich aber im Weiteren, dass bei Werkverträgen, die dem Besteller nur eine begrenzte Einflussnahme gewähren, der Ertrag IFRS-immanent nach den handelsrechtlichen GoB durchaus vergleichbaren Grundsätzen zu ermitteln ist. Der Lösungsweg wird dabei mit grundsätzlichen Strukturüberlegungen zur Gestaltung von Agenden in der betriebswirtschaftlichen Bilanzrechtsforschung verknüpft.A major part of the contracts in the industry sector and increasingly also in the service sector are contracts for work and services. However, appropriate and consistent revenue recognition principles for this type of contract have not yet been developed to a satisfying extent so far. In this essay we derive revenue recognition principles for contracts for work and services for both IFRS and German GAAP. We do this on the basis of what we introduce as the respective normative canons of methods. As regards German GAAP we come to a differentiated result which emphasises the substance-over-form principle; this leads to principles of partial revenue recognition for long-term contracts for work and services. Relating to IFRS we find that revenue shall be recognised according to the stage of completion of contract work if the work is specifically negotiated with the customer. However, in case that the customer only has limited influence on the design of the work revenue under IFRS shall be recognised according to principles comparable to those under German GAAP.
Starting Page	31
Ending Page	58
Page Count	28
File Format	PDF
ISSN	00442372
Journal	Zeitschrift für Betriebswirtschaft
Volume Number	79
Issue Number	1
Language	English
Publisher	SP Gabler Verlag
Publisher Date	2009-02-14
Publisher Place	Wiesbaden
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Tax Law Accounting and Auditing: General Accounting German GAAP IFRS construction contracts normative accounting research percentage-of-completion method revenue recognition Production/Logistics Personnel Management Accounting/Auditing Organization/Planning Management/Business for Professionals Business/Management Science
Content Type	Text
Resource Type	Article
Subject	Business and International Management Economics and Econometrics

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Normative accounting research and revenue recognition principles for contracts for work and services

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