Intäktsredovisning i svenska byggföretag -En studie kring IFRIC 15 och IASB
s föreslagna standard och dess påverkan på intäktsredovisningen i tre svenska byggföretag
One of the most crucial entries in the financial statements is revenue. Despite the importanceof revenue a lot of mistakes are made concerning this entry because of the extensive room forjudgements. Especially in the construction companies where a lot of differences exist due tothe fact that different standards are used for similar business transactions.The research concerning IFRIC 15 and the new upcoming standard for revenue recognition isnot very extensive. Studies including both IFRIC 15 and the new standard are even morelimited. Therefore this study aims to compare the effects of IFRIC 15 and the new upcomingstandard for revenue recognition, Revenue from Contracts with Customers, in three Swedishconstruction companies. The study will portrait the effects on qualitative characteristics aswell as the effects on the accounting principles.This study has some delimitations. First, it is delimited to revenue recognition withinSwedish construction companies. Furthermore the companies in the study are all listed whichmeans they all apply IFRS. The proposed standard Revenue from Contract with Customers isexamined based on the draft presented in November 2011.To be able to conduct this case study, data was collected mostly through interviews but alsopartly from annual reports. The result of this study shows that effects on qualitativecharacteristics and the accounting principles due to IFRIC 15 are apparent, where most of theeffects have been negative on the Swedish construction companies. This study also showsdifferent expected effects on qualitative characteristics and the accounting principlesconsidering the new upcoming standard for revenue recognition, where most of the effectsare expected to be positive.Suggestions for further research concerning this area would be to conduct a follow up studyconcerning the effects of the characteristics and principles once the new upcoming standardfor revenue recognition is implemented. Another area of interest would be to analyze theeffect on different ratios in the construction companies due to the implementation of IFRIC15.The following keywords have frequently been used: IAS 11, IAS 18, IFRIC 15, D21,comment letters, IASB, Revenue from Contracts with Customers, intäktsredovisning,revenue, revenue recognition, entreprenadavtal, kvalitativa egenskaper, control, transfer ofcontrol, redovisningsprinciper och principles.