POLITIKA PRIZNAVANJA PRIHODA I FINANCIJSKA USPJEŠNOST
REVENUE RECOGNITION POLICIES AND FINANCIAL EFFICACY

Summary/Abstract: The accounting policies can be defined for many accounting areas, but for the analyzing purposes of the impact of accounting policies on the financial success, measured by financial and tax result, special emphasis is placed on the area of revenue recognition. The aim of this paper is to point that with the usage of accounting policies in the area of revenue is not possible to create the financial results, but it is possible to impact on the timetable of business and tax result. The methodology of this article is reflected in the application of general methods of scientific and technical work and research, especially on the method of case study and the modeling method. Namely, in order to prove the truth of set thesis, it is necessary to quantify the impact of selected accounting policies in the area of income on the financial efficacy trough the balance of success model, under certain assumptions and in the different time periods. The results of analysis indicate that the selected accounting policies in the area of income have an impact on financial efficacy in a shorter period, but the selection of accounting policies in the area of income has no impact on the overall business and tax result observed in a longer period.

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