Income Accounting Perspectives: Issues of Definition, Classification and Recognition

Abstract

Prospects for accounting for the income of organizations (including healthcare organizations) will be determined by the rules of the new federal accounting standard, which is provided for by the Program for the Development of Federal Accounting Standards for 2022–2026. In order to implement this Program, the FSBU Draft “Income” was developed and published for discussion. The article examines the regulations of the FSBU Project “Income” in relation to the definition, classification and recognition of income. These regulations are compared with the definition, classification and conditions for the recognition of income in the current RAS 9/99 “Income of the organization”. The identified differences in the normative documents under consideration are evaluated. Both advantages and insufficiently expedient innovations of the FSBU “Income” Project are revealed in comparison with the RAS 9/99 regulations. The conclusion about the expediency of adjusting the FSBU Project “Income” according to some of the regulations introduced in it is substantiated.