Ujmowanie przychodów w usługach budowlanych w kontekście proponowanych zmian międzynarodowego standardu rachunkowości 18 „przychody”
Revenue recognition in construction services in the context of the proposed amendments to international accounting standard 18 “revenue”

Summary/Abstract: Construction services are typical long-term services under the provisions of the Polish law of the balance sheet date and international accounting standards. They are so characteristic that laws regulating contracts for construction services have been separated from contracts for other services. The valuation of such services being in progress relates to the need to make estimations of its stage of progression and the valuation of income and possibly its cost at the balance sheet date. This valuation has been regulated in ther Polish balance sheet law and international regulations. Proposed changes to revenue recognition described in the draft of an international accounting standard 18 “Revenue” (IAS 18) would have a significant impact on the valuation of long-term services, in particular of the construction services. The effect of these changes would be the ability to use an additional method that is not currently approved for use and even greater leeway in the recognition of income in the profit and loss account.

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