First year’s application of revised revenue recognition guidance by companies under NL-GAAP

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    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 languageEnglish
    Pages (from-to)319-334
    Number of pages16
    JournalMaandblad voor Accountancy en Bedrijfseconomie
    Volume97
    Issue number9/10
    DOIs
    Publication statusPublished - 14-Dec-2023

    Keywords

    • Revenue recognition, DAS 221, DAS 270

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