Одновариантная методика учета выручки от реализации в практике белорусского бухгалтерского учета
Revenue measurement in Belarussian accounting

Summary/Abstract: One of major problems in revenue measurement methods used in Belarussian accounting is the application of the «on payment» method which contradicts the basic requirements of international accounting standards. There are some basic principles of accounting in line with international practice, such as definiteness, measurability, relevance and reliability that require some terms and conditions for accounting for revenue. Considering all this it is necessary to develop rules regu-lating the measurement and recognition of revenue in national accounting. From our point of view the most important among them include: - the right of property on products according to the contract has passed from the seller to the buyer, - the amount of revenue can be determined according to the contract, - the seller on the basis of the contract or on other basis stipulated by the legisla-tion, has the right to get the revenue, - there is a confidence of getting revenue, confirmed by payments, by bank guar-antees or by letter of credit, - the cost of goods sold is determined and corresponds to the revenue received or should be received.

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