Impact of Implementation of IFRS 15 on the Financial Statements of Telecommunication Company (Case Study of PT XYZ)

Bernoully, Mardo; Wondabio, Ludovicus Sensi

doi:10.2991/apbec-18.2019.19

Cited by 7 publications

(5 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…It was jointly issued by IASB, FASB in May 2014. The FASB version is known as Accounting Standards Codification (ASC) 606 (Bernoully & Sensi Wondabio, 2019). Here's a brief overview of the evolution of IFRS 15 (Mattei & Paoloni, 2018:11) e. Disclosures: Enhanced disclosures are required to provide financial statements to users with more information about the amount, timing, and uncertainty of cash flows and revenue.…”

Section: Evolution and Developmentmentioning

confidence: 99%

The Effect of Applying Ifrs 15 on the Income Statement: An Apply Study on Al-Khayate Al- Hadytha Firm

Ismail,

Khalid

2024

HJUOZ

View full text Add to dashboard Cite

This research paper aims to explore the impact of IFRS 15 on the income statement, and describe the accounting process according to GAAP. To achieve research aims, the financial statements (2019 – 2022) of Al-Khayata Al-Hadytha as a joint firm in Iraqi securities exchange have been used as an apply study, and apply IFRS 15 on its statements, as well as the paper discusses the key principles of IFRS 15 and examines its effects on financial reporting, disclosure requirements, and the potential challenges faced by organizations during the implementation process. The research finds out that the recognition of revenues according to IFRS 15 has positively affected on the accounting process of firms, and leads to enhance of financial reporting quality by using the principles of IFRS.

show abstract

Section: Evolution and Developmentmentioning

confidence: 99%

The Effect of Applying Ifrs 15 on the Income Statement: An Apply Study on Al-Khayate Al- Hadytha Firm

Ismail,

Khalid

2024

HJUOZ

View full text Add to dashboard Cite

show abstract

“…Hasil penelitian menunjukkan bahwa implementasi IFRS 15 di PT XYZ tidak hanya akan memengaruhi pengakuan pendapatan dan proses persiapan pelaporan keuangan tetapi juga akan berdampak dan memerlukan perubahan pada lingkungan pengendalian internal, sistem informasi dan teknologi, indikator kinerja utama, proses perhitungan imbalan kerja, dan juga hubungan dengan investor. Implementasi IFRS 15 bukan hanya merupakan tanggung jawab bagian akuntansi, tetapi juga memerlukan koordinasi dan kerja tim yang baik antarunit terkait di PT XYZ dalam melakukan perubahan yang diperlukan (Bernoully & Wondabio, 2019).…”

Section: Metode Penelitianunclassified

Pemetaan Penelitian Terkait Implementasi IFRS 15 Tentang Pendapatan dari Kontrak dengan Pelanggan

2020

View full text Add to dashboard Cite

This study aims to map various research results of standard implementation about Revenue from Contracts with Customers (PSAK 72 in Indonesia and IFRS 15 in other countries) in order to find out the focus of research in terms of location of research object, research topics (perceptions, impacts, and problems), and position ( pros / cons) toward this standard. This study uses a qualitative method with a bibliographic approach. The objects used in this study are 22 research articles about implementation of PSAK 72 (IFRS 15). The results of mapping analysis show that the most discussed research topic is the impact. The focus of research that uses the topic of impact and perception is the preparers of financial statements. Meanwhile, research that uses the topic of problem has provided perspective from two sides (the preparers and the users of financial statements). The results of mapping analysis show that majority of the position of the research object toward the implementation of IFRS 15 is still unclear because it shows that the position is on two sides, the pros and cons.

show abstract

“…The reported studies by Brink were conducted before the effective date of IFRS 15. Other CCRP-related studies (Amalyan and Amalian, 2015; Bernoully and Wondabio, 2019; Brink, 2013, 2014, 2016; Chapple et al. , 2010; Chun et al.…”

Section: Introductionmentioning

confidence: 99%

“…The reported studies by Brink were conducted before the effective date of IFRS 15. Other CCRPrelated studies (Amalyan and Amalian, 2015;Bernoully and Wondabio, 2019;Brink, 2013Brink, , 2014Brink, , 2016Chapple et al, 2010;Chun et al, 2020;Fourie, 2018;Johansson and Ringius, 2007;Levanti, 2020;Pidduck et al, 2019;Sava, 2014), however also did not include any reference to accounting theory. After the effective date of IFRS 15 no research specifically related to accounting for CCRP transactions could be found.…”

Section: Introductionmentioning

confidence: 99%

Using accounting theory to develop a theoretical model for credit card rewards programme transactions

Brink

Steenkamp

2023

JAAR

View full text Add to dashboard Cite

PurposeAfter 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/approachThis non-empirical qualitative conceptual study utilised document analysis, focussing specifically on accounting theory, to construct an accounting treatment model.FindingsApplying 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/valueAddressing 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.

show abstract

Impact of Implementation of IFRS 15 on the Financial Statements of Telecommunication Company (Case Study of PT XYZ)

Cited by 7 publications

References 0 publications

The Effect of Applying Ifrs 15 on the Income Statement: An Apply Study on Al-Khayate Al- Hadytha Firm

The Effect of Applying Ifrs 15 on the Income Statement: An Apply Study on Al-Khayate Al- Hadytha Firm

Pemetaan Penelitian Terkait Implementasi IFRS 15 Tentang Pendapatan dari Kontrak dengan Pelanggan

Using accounting theory to develop a theoretical model for credit card rewards programme transactions

Contact Info

Product

Resources

About