Basic provisions of accounting of revenue in accordance with IFRS (IFRS) 15 "Revenue from contracts with customers"

The purpose of the article was the consecration of the issues of revenue recognition in accordance with international standards (IFRS). In the present article the distinctive characteristics and comparison of key criteria for revenue recognition in accordance with IFRS (IAS) 18 «Revenue» and PBU 9/99 «Incomes of the organization». A new model of accounting and revenue recognition in accordance with IFRS standards (IFRS) 15 «Revenue from contracts with customers» and reflected the differences and peculiarities of revenue recognition under IFRS (IAS) 18 and IFRS (IFRS) 15.