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    So Sánh S Khác Nhau Gi A IFRS 15 Và VAS 14

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    Châu Khánh
    IFRS 15 and VAS 14 differ in their approaches to determining revenue. IFRS 15 provides 5 specific steps to determine revenue, while VAS 14 does not mention these steps. IFRS 15 replaces several older standards, emphasizing control, and allows unification of all income types through identifying revenues from customer contracts. In contrast, VAS 14 focuses on risk transfer and has separate regulations for different income types like dividends and interest. The two standards also differ in their methods for revenue recognition, criteria for asset recognition, and treatment of contractual obligations.

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    So Sánh S Khác Nhau Gi A IFRS 15 Và VAS 14

    Uploaded by

    Châu Khánh
    212 views2 pages
    IFRS 15 and VAS 14 differ in their approaches to determining revenue. IFRS 15 provides 5 specific steps to determine revenue, while VAS 14 does not mention these steps. IFRS 15 replaces several older standards, emphasizing control, and allows unification of all income types through identifying revenues from customer contracts. In contrast, VAS 14 focuses on risk transfer and has separate regulations for different income types like dividends and interest. The two standards also differ in their methods for revenue recognition, criteria for asset recognition, and treatment of contractual obligations.

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    sự khác nhau giữa IFRS 15 và VAS 14

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    so sánh sự khác nhau giữa IFRS 15 và VAS 14

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    IFRS 15 and VAS 14 differ in their approaches to determining revenue. IFRS 15 provides 5 specific steps to determine revenue, while VAS 14 does not mention these steps. IFRS 15 replaces several older standards, emphasizing control, and allows unification of all income types through identifying revenues from customer contracts. In contrast, VAS 14 focuses on risk transfer and has separate regulations for different income types like dividends and interest. The two standards also differ in their methods for revenue recognition, criteria for asset recognition, and treatment of contractual obligations.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    212 views2 pages

    So Sánh S Khác Nhau Gi A IFRS 15 Và VAS 14

    Uploaded by

    Châu Khánh
    IFRS 15 and VAS 14 differ in their approaches to determining revenue. IFRS 15 provides 5 specific steps to determine revenue, while VAS 14 does not mention these steps. IFRS 15 replaces several older standards, emphasizing control, and allows unification of all income types through identifying revenues from customer contracts. In contrast, VAS 14 focuses on risk transfer and has separate regulations for different income types like dividends and interest. The two standards also differ in their methods for revenue recognition, criteria for asset recognition, and treatment of contractual obligations.

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    Compare the differences between IFRS 15 and VAS 14

     
    IFRS 15 VAS 14
    -IFRS 15 will have a method of As for Vietnam Accounting Standard
    determining revenue through 5 main No. 14, there is absolutely no mention of
    steps: these determination steps.
          Determination of contracts with
    passengers
          Determination of performance
    obligations
          Determine the transaction value
          Allocation of transaction value for
    each task in the contract
          Record revenue when each task is
    completed
     
    The introduction of IFRS 15 "Revenue The purpose of this Standard is to
    from contracts with customers" replaces prescribe and guide other principles and
    the following regulations and standards: methods of accounting for revenue and
    IAS 11, IAS 18, IFRIC 13, IFRIC 15, income, including: the time of revenue
    IFRIC 18 of IASB, SIC 31 of FASB. recognition, types of revenue, methods
    of accounting for revenue and other
    income as the basis for bookkeeping and
    financial statement preparation.
    emphasis on control. VAS 14 has 5 conditions for recognizing
    sales and service revenue, this standard
    emphasizes risk transfer as a benefit
    allows to unify all types of income in the there are clear regulations on standards
    process of recognizing  Through this for recognizing revenue from dividends,
    to identify all types of revenues and royalties, interest and divided profits,
    profits obtained from customer contracts. and there are additional specific
    regulations on other sources of profit and
    income.
    Request: Request:
     Customer contracts  Sales revenue
     Any assets recognized from the  Revenue from providing
    cost of obtaining a contract with products/services
    the client
     Profits, dividends, royalties and
     Important estimates and the interest are distributed
    possibility of changing those  Revenue from the exchange of
    estimates for each contract products or services according to
    each of the above types of
     
    activities
     Other income, which specifically
    presents extraordinary earnings
     
    2 Method : Revenue recognized from time to time
          Overtime revenue
          Revenue recognized by time
    (point in time)
    Determined by value reflects the Determined according to the fair value of
    expectations that the business expects to the amounts collected or to be collected
    absorb by the enterprise
          Contracts with customers       Applicable accounting policy
          Critical judgments and changes in       Revenue for each type of
    judgment transaction and event
          Assets are recognized from the       Revenue from the exchange of
    cost of receiving the contract goods and services
          Other income
    Contractual obligations must be both There is only one obligation
    before and after
     
    Citing sources:
    https://accaonline.edu.vn/so-sanh-ifrs-15-va-vas-14/
    https://www.pwc.com/vn/vn/services/assurance/ifrs/ifrs-15.html
    https://docs.kreston.vn/vbpl/ke-toan/chuan-muc-ke-toan/vas-14/
     
     
     
     
     
     

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