Il Conceptual Framework for Financial Reporting e la sua influenza sul nuovo IFRS 15

ABSTRACT:

In 2018 we have witnessed two events that can profoundly mark the accounting practice of the persons who prepare the financial statements according to the IAS/IFRS: the European endorsement and the entry into force of IFRS 15, concerning the revenues from contracts with customers, and the new Conceptual Framework for Financial Reporting, which replaces the previous Framework for the Preparation and Presentation of Financial Statements. There are many innovations contained in the two documents, but here we want to highlight some aspects concerning one of the principles underlying the financial statements that has always represented and represents a fundamental rule: the accrual basis.

KEYWORDS: Conceptual framework, financial reporting, Ifrs 15.