Modern approaches to accounting for income in construction

The purpose of the research is to determine the possible impact of the introduction of the new standard IFRS 15 on the accounting of revenue from construction contracts and, as a result, on the reporting indicators of companies.

Methodology - the Research was conducted on the basis of an abstract-logical approach. The methodological basis is a system analysis.

Originality / value - The article discusses changes in the methodological and methodological nature of the recognition of revenue under contract agreements in IFRS. A comparative analysis of IFRS 15 «Revenue from contracts with customers» and current standards on revenue in construction was carried out.

Findings - The article substantiates the importance of applying IFRS 15 in construction organizations; identifies patterns (or their absence) related to the impact of reporting and parameters on a potential user of reporting - an investor; and also determines the potential impact of the new standard IFRS 15 on accounting for long-term construction contracts and, as a result, on the company's reporting performance.

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