Abstract
This study focuses on the revenue recognition disclosure quality of a sample of 63 large Dutch legal entities applying revised DAS 221 and DAS 270 in their 2022 financial statements. A large majority of companies in our sample use a prospective method for transitioning to the revised standards, though many companies were not really transparent in disclosing the transition method used. Further, only a small portion of companies in our sample (35%) disclosed how the revisions impacted their solvency. Overall, we conclude that the effects of the amended guidance in DAS 221/270 appear to be limited in financial reporting practice and that disclosure quality varies to a large extent. Also, we recommend the DASB to add specific disclosure requirements to DAS 221
Original language | English |
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Pages (from-to) | 319-334 |
Number of pages | 16 |
Journal | Maandblad voor Accountancy en Bedrijfseconomie |
Volume | 97 |
Issue number | 9/10 |
DOIs | |
Publication status | Published - 14-Dec-2023 |
Keywords
- Revenue recognition, DAS 221, DAS 270