PER UNA RILETTURA DEL PRINCIPIO DI REALIZZAZIONE DEI RICAVI - [REREADING THE PRINCIPLE OF REALIZED REVENUE]

The work aims at demonstrating that the traditional requisites required by the national legislation in order to consider a revenue realized (completion of the earnings process and sale-basis method), and then to proceed with the revenue recognition, are obsolete, in consideration of the emerging matching principle and also in consideration of the evolution of the national legislation on the balance sheet and the introduction of IAS [International Accounting Standards] principles. Therefore, it is necessary a revision of certainty notion: once admitted that such certainty is reached out of valuations, the same certainty may be obtained after an internal valuation process too, regardless of external data that somehow confirm the earning. This assumption is demonstrated and confirmed by analyzing the rules concerning the works in progress under contract (art. 2426, n. 11, cod. civ.) and by the IAS principles as introduced in Italy.[Abstract appeared in the Journal]