The model of organization of accounting of incomes from loyalty programs in accordance with International Financial Reporting Standards.

Igor Sherer
PhD in Economics, Associate Professor, Department of Accounting and Auditing, Odessa National Economic University, Ukraine, e-mail:tutor121960@gmail.com, ORCID ID:http://orcid.org/0000-0001-6345-2977

Cite this article:

Sherer, I. (2018). The model of organization of accounting of incomes from loyalty programs in accordance with International Financial Reporting Standards. Ed.: M. Zveryakov (ed.-in-ch.) and others [Model orhanizatsii obliku dokhodiv za prohramamy loialnosti vidpovidno do Mizhnarodnykh Standartiv Finansovoi Zvitnosti], Socio-economic research bulletin; Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, No. 1 (65), pp. 186‒195.

Abstract

The article considers the questions of the legislative and normative regulation of accounting of income from realization of goods on the customer’s loyalty programs of clients at the trade enterprises in Ukraine. The essence of the distinct stages of recognition of income from realization of goods in loyalty programs according to the requirements of IFRS is specified. The results of scientific researches of identified problem are generalized. Possible approaches to the organization of accounting of settling with customers at the enterprises of retail business and determination of income from realization in customer’s loyalty programs are analyzed, shortcomings are defined and possibilities of their addressing are shown. The necessity of organization of accounting of income is justified in accordance with conception of multi-component agreement. The accounting model of determination of income from realization of goods by the enterprises of retail business on customer’s loyalty programs is offered.

Keywords

International Financial Reporting Standards; accounting; settle up with customers; income; trade; programs of loyalty.

JEL classification: M410; DOI: https://doi.org/10.33987/vsed.1(65).2018.186-195

UD classification: 657:334

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