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

Ogunode, Olubunmi Adewole; Salawu, Rafiu Oyesola

doi:10.13189/ujaf.2021.090503

Cited by 3 publications

(1 citation statement)

References 28 publications

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“…Implementasi IFRS 15 memberikan dampak terhadap pendapatan perusahaan di beberapa negara seperti Polandia (Morawska, 2021;Piosik, 2021)), Nigeria (Ogunode, 2021), Australia (Onie, 2022), Brazil (Souza, 2022), Bulgaria (Stoykova, 2021) dan Italia (Tutino, 2019). Kabir dan Su (2022) melakukan penelitian bagaimana pengaruh IFRS 15 terhadap pengakuan pendapatan perusahaan di Australia dan Selandia Baru.…”

Section: Studi Literatur Penelitian Terdahuluunclassified

Analisis Kritis atas Pengakuan Pendapatan Biaya Penyambungan Listrik (Studi Kasus : Perusahaan Listrik Indonesia)

Prihartini,

Mita

2024

Owner

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This study aims to look critically at the basis of changes in revenue recognition that occur in electricity connection costs in Indonesian electricity company. This case study focuses on examining the basis for the revenue recognition of electricity connection fees, where the substance of the transaction has not changed, but in terms of the accounting treatment it has undergone several changes. The research object was conducted on the Indonesian electricity company which is a single unit analysis and uses data collection techniques in the form of documentation and interviews. Data collection techniques in the form of documentation are carried out by studying public documents such as Financial Reports and Annual Reports. Meanwhile, the interview used semi-structured with open ends questions. Agency Theory is used as a basis for knowing the logic that influences decisions in preparing accounting policies. The result of the study shows that basically electricity connection is a continuous access so that revenue recognition is carried out over the time. In the prior assessment before implementation of PSAK 72, there was additional criteria which concluded that if the connection was carried out by the company as a result of regulations (laws), then this revenue could not be recognized over the time.

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Section: Studi Literatur Penelitian Terdahuluunclassified

Analisis Kritis atas Pengakuan Pendapatan Biaya Penyambungan Listrik (Studi Kasus : Perusahaan Listrik Indonesia)

Prihartini,

Mita

2024

Owner

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The determinants and effects of the early adoption of IFRS 15:Evidence from a developing country

Aladwey

Diab

2023

Cogent Business & Management

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Analyzing the external auditor’s perception of the impact of IFRS 15 on the profitability and performance of emerging market companies

Gabriela Cosmulese,

Grosu,

Zhavoronok

2023

Accounting and Financial Control

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Revenue recognition is a very complex area due to user interest in this metric and can even lead to errors and fraud in its understanding. The difficulties of revenue recognition are well known to practitioners because, even if the principles and standards are stable, economic conditions may require new experiences, adaptive knowledge, and flexibility. Therefore, thinking about how to apply the new IFRS 15 standard is more important than ever as the transition to the new standard takes place. In this context, this study aims to evaluate the way external auditors understand how implementing IFRS 15 will probably affect business performance and profitability, and to identify the main problems and obstacles that could come up during that process. In this sense, a quantitative study was conducted using a survey of auditors working for Big Four companies during 2021–2022. To address these problematic aspects of revenue disclosure under the standard, the study’s findings look into how external auditors perceive the complexity of IFRS 15, the openness of their professional judgment, and the anticipated advantages of engagement activities. In addition, the literature review identified business sectors that demonstrated a significant impact on revenue recognition as a result of the implementation of IFRS 15.

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

Cited by 3 publications

References 28 publications

Analisis Kritis atas Pengakuan Pendapatan Biaya Penyambungan Listrik (Studi Kasus : Perusahaan Listrik Indonesia)

Analisis Kritis atas Pengakuan Pendapatan Biaya Penyambungan Listrik (Studi Kasus : Perusahaan Listrik Indonesia)

The determinants and effects of the early adoption of IFRS 15:Evidence from a developing country

Analyzing the external auditor’s perception of the impact of IFRS 15 on the profitability and performance of emerging market companies

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