Comment on the IASB Discussion Paper ‘Preliminary Views on Revenue Recognition in Contracts with Customers’

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Notes

Other members are: Graeme Dean, University of Sydney; Lisa Evans, University of Edinburgh; Günther Gebhardt, Johann-Wolfgang-Goethe Universität (Chair); Martin Hoogendoorn, Erasmus Universiteit Rotterdam; Araceli Mora, Universidad de Valencia; Ken Peasnell, Lancaster University; Roberto Di Pietra, Università degli Studi Siena; and Frank Thinggaard, Aalborg University.

We note that the IASB tends to focus on decision usefulness and to consider stewardship objectives as secondary (see the Exposure Draft of an Improved Conceptual Framework for Financial Reporting – Chapter 1: The Objective of Financial Reporting, Chapter 2: Qualitative Characteristics and Constraints of Decision-Useful Financial Reporting Information from May 2008).

Additional information

Notes on contributors

Jan Marton

ON BEHALF OF THE EUROPEAN ACCOUNTING ASSOCIATION'S FINANCIAL REPORTING STANDARDS COMMITTEE1

Alfred Wagenhofer

ON BEHALF OF THE EUROPEAN ACCOUNTING ASSOCIATION'S FINANCIAL REPORTING STANDARDS COMMITTEE1