ACCOUNTING PROCEDURE FOR ACCOUNTING RECEIVABLES BASED ON INTERNATIONAL STANDARDS

Abstract

The article examines the procedure for accounting for accounts receivable in accordance with International Financial Reporting Standards (IFRS). Issues of classification, initial recognition, and subsequent measurement of accounts receivable, including both short-term and long-term forms, are analyzed. Particular attention is paid to the application of IFRS 9, the amortized cost method, and the use of the effective interest rate. Using a practical example, the procedure for calculating and recognizing long-term accounts receivable in accounting records is demonstrated.