Impact of INCOTERMS 2020 on revenue recognition. Evidence from Turkey

Ing. Ali Berk Çoban

Diplomová práce

Abstract:

The thesis examines the influence of INCOTERMS 2020 on revenue recog- nition within the Turkish market. INCOTERMS 2020, crucial for global trade, revises international transaction guidelines, affecting businesses' finan- cial reporting. The study analyzes how these changes impact the recognition and reporting of revenue, focusing on Turkey's economic landscape. It out- lines INCOTERMS 2020's trade terms, detailing the obligations of buyers and sellers, then explores Turkey's current revenue recognition framework to gauge the new terms' effects. Real-world case studies from Turkish com- merce provide practical insights into INCOTERMS 2020's application, em- phasizing the consequences of risk, control, and delivery in revenue account- ing. This research serves as a resource for Turkish companies, aiding adapta- tion to these international standards and promoting transparent trade prac- tices.

Keywords

INCOTERMS 2020, IFRS 15, financial ratios, reporting, income, cost

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 13. 5. 2024

Obhajoba závěrečné práce

• Obhajoba proběhla 18. 6. 2024
• Vedoucí: Ing. Oleksandra Lemeshko
• Oponent: Ing. Bc. Jana Hvozdenská, Ph.D.

Masarykova univerzita

Ekonomicko-správní fakulta

Magisterský studijní program / obor:
Finance / Finance