A B S T R A C T

The purpose of the research is to contribute to increasing the transparency of financial statements of enterprises by systematizing scientific-theoretical approaches to income accounting, definitions of income, recognition criteria and measurement methods of various accounting standards, and more precisely determining the economic essence of income based on modern accounting frameworks.

The methodology of the research is systematization, grouping, comparative analysis, logical generalization, economic analysis, normative-legal analysis, etc. methods.

The practical importance of the research is related to the fact that it highlights the establishment of a more accurate, transparent and standards-compliant process for recognizing and measuring income in accounting, and provides real application opportunities in terms of deepening theoretical knowledge in the field of accounting.

The results of the research is the justification of the five-stage model of the IFRS 15 standard as an optimal approach to accounting for income.

The originality and scientific novelty of the research - a systematic analysis, comparative study of the theoretical foundations of income accounting, and scientific clarification of the concept of income were carried out in accordance with the requirements of the correct recognition and measurement of income, global economic changes and International Financial Reporting Standards.

Keywords: income, correct recognition and measurement of income, classification of income, International Financial Reporting Standards, tax statements.                          

http://doi.org/10.59610/bbu1.2026.1.2.