Zasady ujmowania przychodów i kosztów specyficznych dla firm z branży IT w świetle ustawy o rachunkowości, MSR/MSSF i US GAAP
Software and Other IT Products Revenues and Costs Recognition Based on Polish Accounting Act, IFRS and US GAAP

Summary/Abstract: One of the basic issues covered by accounting is creating rules for matching revenues and costs which are resulting from activity performed during certain reporting periods. This could be a method of measuring the effects of economic events in conformity with their economic substance. That issue concerns companies operating in various sectors of the economy, included the fast growing IT market. The main object of activity of IT business is creating: software for sale, complex IT projects including software, hardware, installation implementation, warranty service, technical support, and software customization. The aim of this paper is to present Polish and international regulations for cost and revenue recognition in IT business area. Based of Polish Accounting Act, IFRS and US GAAP, the author has presented rules for IT services revenue recognition, accounting for IT long-term contracts and accounting for the costs of computer software to be sold, leased or otherwise marketed.

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