Revenue from contracts with customers estudo exploratório acerca dos desafios de implantação do IFRS 15 em uma empresa brasileira do setor químico

Abstract

Several are the standards that deal with revenues in international accounting. Some studies show that problems involving revenue recognition are among the most recurring in publicly traded companies' reports. The problematic studied was the accounting innovations that users of accounting information should observe, given the emergence of IFRS 15 as the new unified accounting standard in relation to current accounting standards of revenue recognition. The objective of this work is the critical analysis of the main requirements in the relevant aspects brought by the new standard in relation to the current literature on international accounting in the Brazilian environment as well as the challenges to be faced by preparers of financial statements in the adoption and adaptation of IFRS 15 in relation to what exists in the current literature in international accounting. For this group of existing norms and current transactions we denominate of "peacock tail". This research used a qualitative approach, through documentary analysis and content obtained from the financial statements of a relevant publicly traded company in the chemical sector. We sought to base the importance of the subject on accounting science through previous scientific research, practical aspects of IFRS, the basis for conclusion of the new IFRS standard 15 as well as economic aspects about the subject. We identified several challenging aspects for the company to comply with IFRS 15 and that the level of information currently disclosed does not meet the new requirements minimally. As a result, we conclude that IFRS 15 will bring many challenges and innovations to the accounting class in light of its new revenue recognition requirements and especially its disclosures.