Purpose

After the effective date of International Financial Reporting Standard (IFRS) 15, the accounting treatment of credit card rewards programmes (CCRPs) is no longer explicitly prescribed. Uncertainty regarding what constitutes faithful representation, and the inconsistent accounting practices observed, has created a need for guidance on the appropriate accounting treatment of CCRP transactions. Accounting theory has the potential to provide the foundation for this guidance. As a result, the objective of this study was to develop a theoretical model for the accounting treatment of CCRP transactions using accounting theory.

Design/methodology/approach

This non-empirical qualitative conceptual study utilised document analysis, focussing specifically on accounting theory, to construct an accounting treatment model.

Findings

Applying the relevant accounting theory (International Accounting Standards Board's (IASB's) Conceptual Framework), a theoretical model for the accounting treatment of CCRP transactions was developed, which emphasises the importance of understanding the economic phenomenon (the CCRP transaction) and determining how management views the transaction (in isolation as marketing or as an integral part of the credit card transaction).

Originality/value

Addressing the problem of accounting for CCRP transactions with reference to accounting theory (which is the main element of scholarly activity in accounting) distinguishes this study from previous research on the topic. The CCRP accounting treatment theoretical model could assist CCRP management in faithfully accounting for a CCRP transaction and reduce uncertainty and inconsistency in practice. Moreover, this study identified the procedures to be employed when using accounting theory to determine the appropriate accounting treatment of business transactions. These procedures could be employed by accountants when faced with other transactions not covered by specific accounting standards.

中文翻译：

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利用会计理论开发信用卡奖励计划交易的理论模型

目的

国际财务报告准则 (IFRS) 15 生效后，信用卡奖励计划 (CCRP) 的会计处理不再明确规定。关于什么构成忠实代表的不确定性，以及观察到的不一致的会计实践，需要对 CCRP 交易的适当会计处理提供指导。会计理论有可能为此指导提供基础。因此，本研究的目的是开发一个利用会计理论对 CCRP 交易进行会计处理的理论模型。

设计/方法论/途径

这项非实证定性概念研究利用文件分析，特别关注会计理论，构建了会计处理模型。

发现

应用相关会计理论（国际会计准则理事会（IASB）概念框架），开发了 CCRP 交易会计处理的理论模型，该模型强调理解经济现象（CCRP 交易）和确定管理层如何看待经济现象的重要性。交易（单独作为营销或作为信用卡交易的组成部分）。

原创性/价值

参考会计理论（会计学术活动的主要内容）解决 CCRP 交易的会计问题，使本研究与该主题的先前研究区分开来。CCRP会计处理理论模型可以帮助CCRP管理层如实地对CCRP交易进行会计处理，减少实践中的不确定性和不一致。此外，本研究还确定了使用会计理论确定业务交易的适当会计处理时要采用的程序。当会计师面临特定会计准则未涵盖的其他交易时，可以采用这些程序。