Features of accounting settlements with customers in conditions of application of loyalty programs

Соболєва-Терещенко, Олена Анатоліївна (2017) Features of accounting settlements with customers in conditions of application of loyalty programs Фаховий науковий журнал «Науковий вісник Ужгородського університету. Серія «Економіка», 2017 Випуск 2(50), 2(50). pp. 325-332. ISSN 2409-6857; 2415-735X

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Особливості БО розрахунків в умовах лояльності СоболєваТерещенко Жарнікова.pdf

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Abstract

The article reflects the results of research on different approaches to the reflection features of accounting of settlements with buyers in trade with the application of loyalty programs. The authors analyzed the main actual definitions of various sources on the scientific interpretation of the concept of "loyalty program". Based on the authors research, general classify of loyalty programs is presented, which based on the needs of their correct evaluation in account. The authors suggest to classification loyalty programs that depend on type of prospectively or retrospectively reflection in the accounting, such as: discount programs, bonuses programs and awards programs. So, the authors grouped the contents and possible variations of modern tools of loyalty programs depending on the basis of calculation, the way of expression, and the form of provision. The authors examined and systematized the advantages and disadvantages of discount programs, bonuses programs and awards programs, which can arise, for example, as a result of discounts, rebates, refunds, bonuses or other similar awards. So, in the opinion of the authors, the discounts, bonuses, cash-backs and other awards must have account for as a separate component of the sale transaction. Where consideration is paid as cash-back or as bonuses, seller and buyer must have adjusted for the time value of money. In this way the authors offer the practical decision is available where the interval between transfer of the goods and payment by the customer expect to be less than 12 months. In this case, authors recommend to implementation specific accounts, such as: «Incomes of future periods from the loyalty program», «Expenses of future periods for loyalty programs» and «Missed bonuses and discounts». In conclusion, the authors generalize the main features of accounting for loyalty programs and outline the prospects for further research on this issue

Item Type: Article
Additional Information: t8000@i.ua
Uncontrolled Keywords: accounting; customer settlements; loyalty programs; IFRS 15; trade; discount programs; bonus programs; rewards programs.
Subjects: Articles in journals > Фахові (входять до переліку фахових, затверджений МОН)
Divisions: Факультети > Факультет інформаційних технологій та управління > Кафедра фінансів та економіки
Depositing User: Олена Анатоліївна Соболєва-Терещенко
Date Deposited: 08 Dec 2017 11:23
Last Modified: 08 Dec 2017 11:23
URI: http://elibrary.kubg.edu.ua/id/eprint/20523

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