Innovations in accounting for organizations’ revenue: a critical analysis of the new accounting paradigm

Abstract

The article provides a critical analysis of the key innovations of Federal Accounting Standard FAS 9/2025 “Revenue”, which establishes the methodology for revenue accounting. The changes introduced by the standard are systematized by element: differentiated regulation for various types of organizations and a new revenue recognition model. Particular attention is paid to methodological advances, including the replacement of the legal recognition criterion with an economic one, the systematization of approaches to measuring revenue in non-cash settlements and deferred-payment arrangements, and the unification of the rules for recognizing revenue from long-term contracts based on the degree of completion. A comparative analysis with PBU 9/99 demonstrates the scale of the transformation. Options for transition to the new standard are proposed.