Compliance with IFRS 15 mandatory disclosures: an exploratory study in telecom and construction sectors

Boujelben, Saoussen; Kobbi-Fakhfakh, Sameh

doi:10.1108/jfra-10-2019-0137

Cited by 19 publications

(11 citation statements)

References 24 publications

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“…This suggested that in the company's opinion, a recheck of its long-term contracts and associated variable considerations did not significantly affect its financial position and performance. This position is corroborated by the works of Boujelben and Kobbi-Fakhfakh [48], Standler and Nadier [4] who found that while adopting the standard by entities led to an increase in levels of disclosures, minimal impact on the accounting numbers was reported. However, this view is not consistent with the studies of Trabelsi [29] and Aladwan [37] who posit that IFRS 15 post-implementation reviews of construction and related industries have a positive and significant effect on financial reporting quality and corporate performance.…”

Section: Dangote Cement Plcmentioning

confidence: 71%

Revenue Recognition Dilemma under International Financial Reporting Standard (IFRS 15): Perspectives from Key Impacted Firms in Nigeria

Ogunode¹,

Salawu²

2021

ujaf

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This study examined the post -implementation impact of IFRS 15 from the Nigerian perspective and challenges associated with the adoption. Four listed companies operating in IFRS 15 key impacted firms in Nigeria which accounts for 82% of total market capitalization as of April 2021 were selected. The data extracted were analyzed with the aid of tables, charts, ratios, percentages and content analysis. The study revealed that listed firms in Nigeria aligned with the need to adopt and fully implement IFRS 15 in their financial reporting in response to regulatory pressure and increased internationalization of their operations. The study, therefore, concluded that adoption and implementation of IFRS 15 had a positive effect on accounting numbers of listed firms in Nigeria. The study identified the proper identification and treatment of royalties, income taxes, proper delineation of revenues from contractual fees, the need for persistent contract modifications, capitalization of contract costs, and collectability issues, as key challenges of IFRS 15 implementation. The study recommended that the Board and Management of companies operating in the IFRS 15 impacted industries should always provide greater clarity on the basis used for arriving at the significant judgment calls they make. Also, the Financial Reporting Council and external auditors need to develop workable methodologies to monitor and tighten compliance with both quantitative and qualitative IFRS 15 disclosure requirements.

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Section: Dangote Cement Plcmentioning

confidence: 71%

Revenue Recognition Dilemma under International Financial Reporting Standard (IFRS 15): Perspectives from Key Impacted Firms in Nigeria

Ogunode¹,

Salawu²

2021

ujaf

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“…The present study adopted document analysis method. Document analysis method requires researchers to examine and interpret the data collected to extract the meaning, obtain understanding as well as develop empirical knowledge (Corbin and Strauss, 2008; Boujelben and Boujelben, 2020; Boujelben and Kobbi-Fakhfakh, 2020; Tadros et al , 2020; Evan et al , 2021). O’Leary (2014) has stated three main types of documents for document analysis which are public records, personal documents and physical evidence (Abdi et al , 2018; Weber, 2018; Al-Sartawi and Reyad, 2019; Abdi and Omri, 2020).…”

Section: Methodsmentioning

confidence: 99%

Weaknesses of Malaysian public procurement: a review of auditor general’s reports

Azmi

Ismail

2022

JFRA

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Purpose This paper aims to systematically analyze the weaknesses of public procurement in Malaysia as reported in the Auditor General’s Reports from 2011 until 2018. Specifically, the study examines the types of weaknesses, the modes of public procurement involved with the weaknesses, the procurement categories involved with the weaknesses and the key recommendations to mitigate the weaknesses in public procurement. Design/methodology/approach A document analysis was adopted in achieving the objective. The Auditor General’s reports and the reports of activities of federal ministries/departments published by the National Audit Department, Malaysia from the year 2011 until 2018 are the main documents used in this study. The data gathered were analyzed using frequency distribution and displayed with descriptive statistics and relevant graphs. Findings The findings of the study revealed that the top five reported are non-compliance to scope, specifications and terms of contracts; delayed completion/non-completion of project; poor documentation; low quality of products, service and work; and little or no prior planning. It is also found that direct negotiation mode was reported with the highest issues of public procurement, while the procurement mode with the least public procurement weaknesses is direct purchase. Moreover, it was found that work category is the highest with public procurement issues reported compared to supplies and services. The top recommendations given by the Auditor General were to improve internal control, to enhance monitoring, to establish planning in details, to improve assets management and to take appropriate actions toward contractors and procurement officers when needed. Originality/value This is among a few studies that attempted to systematically examine the main issues regarding the public procurement activities in Malaysia. This study highlighted pertinent aspects of the public procurement activities, which need close attention by the relevant authorities to ensure efficient and effective public procurement.

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“…A content analysis of the e-procurement website was carried out to assess the level of transparency of the e-procurement system. Prior studies have adopted content analysis on official documents (Weber, 2018; Nistor et al , 2019; Boujelben and Kobbi-Fakhfakh, 2020; Boujelben and Boujelben, 2020; Tadros et al , 2020); interviews (Evans et al , 2021); as well as websites (Abdi et al , 2018; Al-Sartawi and Reyad, 2019; Abdi and Omri, 2020). According to Krippendorff (2004), content analysis is a scientific technique that should result in replicability from the contexts used by the researcher.…”

Section: Methodsmentioning

confidence: 99%

Transparency level of the electronic procurement system in Malaysia

Ahmad

Hassan

Ismail

2021

JFRA

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Purpose This paper aims to examine the level of transparency of the electronic procurement (e-procurement) system in Malaysia. Design/methodology/approach Using the content analysis method, 23 transparency disclosure items from the Website Attribute Evaluation System (WAES) checklist were used to evaluate the transparency level of the e-procurement system. The data gathered from the WAES were analysed using frequency and percentage based on the various categories of transparency. Findings The study reveals that the e-procurement system disclosed 17 out of the 23 WAES transparency disclosure items, which represents a transparency disclosure level of 73.91%. Of the five categories of disclosure, i.e. ownership, contact information, organizational information, citizen consequences and freshness, the detailed results show that the items are fully disclosed for only two categories, and for three categories, i.e. ownership, contact information and organizational information, the items are not fully disclosed. Research limitations/implications The findings of the present research offer a positive indication that the government is moving in the right direction, particularly in efforts to reduce the corruption level in procurement activities and to improve the accountability level of the government. Originality/value The present study is among the few studies that attempts to address a fundamental issue of transparency in the public procurement system that has an important relationship with the occurrence of corruption in procurement activities.

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Compliance with IFRS 15 mandatory disclosures: an exploratory study in telecom and construction sectors

Cited by 19 publications

References 24 publications

Revenue Recognition Dilemma under International Financial Reporting Standard (IFRS 15): Perspectives from Key Impacted Firms in Nigeria

Revenue Recognition Dilemma under International Financial Reporting Standard (IFRS 15): Perspectives from Key Impacted Firms in Nigeria

Weaknesses of Malaysian public procurement: a review of auditor general’s reports

Transparency level of the electronic procurement system in Malaysia

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