Revenue recognition practices in South Africa: An analysis of the decision usefulness of IFRS 15 disclosures

Coetsee, Daniël; Mohammadali-Haji, Ahmed; Wyk, Milan van

doi:10.1080/10291954.2020.1855886

Cited by 7 publications

(3 citation statements)

References 21 publications

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“…Revenue recognition that occurs directly in profit and loss accounts obviously has a direct impact on performance and the manner in which the accounting policies in this standard are applied and interpreted play a decisive role in influencing stakeholder decisions. Insufficient disclosure, in particular regarding the uncertainty of revenue recognition, could compromise the decisional usefulness of the revenue information [42]. On the other hand, the implementation of IFRS 15 has created tax issues, which may arise due to changes in revenue recognition.…”

Section: Literature Reviewmentioning

confidence: 99%

Modelling the Vulnerability of Financial Accounting Systems during Global Challenges: A Comparative Analysis

2022

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In times of crisis, the vulnerability of global financial markets can be considered as an element in the analysis of economic stability and sustainable development, which also indicates significant differences in the recognition of economic capital. We aimed to analyse the convergence of accounting systems within a global context under the influence of economic crises and uncertainty, which was based on an observational study of the major financial markets in Paris, New York and Shanghai during the period of 2015–2022. A dedicated database was built using official information. The main objective of the study was to develop a volatility matrix of the gravity development model in relation to the characteristics of the accounting systems on which economic capital recognition is based. The proposed model highlights regional disparities according to relevant statistical grounds and quantifies the volatility issues that are induced by the application of economic capital recognition rules on the global model. The methods that were used consisted of a critical study of the literature to substantiate the research hypotheses and an application of analytical procedures to define, test and validate the proposed statistical model. The usefulness of the model is all the more important because its development took into account the pandemic period and the outbreak of the military conflict in Ukraine, which helped to create pragmatic tools to ensure the faster convergence of accounting systems and limit the spread of vulnerabilities through open transactions on the global market. The results of the research can support decision makers in accessing regional financial markets and achieving a better convergence of accounting information. The study and its approach were new and original and the results represent a good base for accounting policy adjustments from a global perspective.

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Section: Literature Reviewmentioning

confidence: 99%

Modelling the Vulnerability of Financial Accounting Systems during Global Challenges: A Comparative Analysis

2022

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“…There are other studies with more qualitative approaches through documentary and content analysis, interviews, and questionnaires (Hameed et al, 2019;Ergüden, 2020;Napier & Stadler, 2020;Veysey, 2020;Coetsee et al, 2022;Öztürk, 2022;Vieira et al, 2023). In general, the studies contribute to the discussion because they verify the existence of complexities and the possible effects of the judgments made in applying the new revenue recognition model.…”

Section: Introductionmentioning

confidence: 99%

Effects of CPC 47 (IFRS 15) from the perspective of revenue management in the brazilian stock market

Dias,

Costa

2024

Rev. Cat. Cien. Cont.

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This study analyzed the effect of adopting CPC 47 (IFRS 15) for revenue recognition on the quality of accounting information from the perspective of revenue management in the Brazilian stock market. The study sample has a total of 560 observations corresponding to 112 companies from 2016 to 2020. The models by specific discretionary accruals of revenues proposed by Caylor (2010) and Stubben (2010) were considered to measure the management levels. As a method of analysis, we used regression models with panel data and tests at a significance level of 5%. According to the results obtained, it was impossible to confirm that adopting CPC 47 (IFRS 15) affected the quality of accounting information from the increase in revenue management levels, as well as whether the effects on the specific sectors indicated by the literature as more impacted were more significant than the other sectors in the Brazilian capital market. The research is relevant because it advances existing studies by using two different revenue management models to analyze the effects of specific accruals after adopting the standard and, in addition, extends the period and sample of Brazilian companies. Therefore, this research contributes to deepening discussions on the effects of applying accounting standards and assists in the analysis of regulatory bodies, preparers, auditors, and financial information on the effects of the new accounting standard after adoption, especially in the Post-Implementation Review (PIR) process of IFRS15.

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“…Existem outras pesquisas com abordagens mais qualitativas por meio de análise documental, de conteúdo, entrevistas e questionários (Hameed et al, 2019;Ergüden, 2020;Napier & Stadler, 2020;Veysey, 2020;Coetsee et al, 2022;Öztürk, 2022;Vieira et al, 2023). Em geral, os estudos contribuem com a discussão porque constatam a existência de complexidades e os possíveis efeitos dos julgamentos realizados na aplicação no novo modelo de reconhecimento da receita.…”

Section: Introductionunclassified

Efeitos do CPC 47 (IFRS 15) sob a ótica do gerenciamento de receitas no mercado acionário brasileiro

Dias,

Costa

2024

Rev. Cat. Cien. Cont.

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Este estudo analisou o efeito da adoção do CPC 47 (IFRS 15), de reconhecimento de receitas, na qualidade da informação contábil sob a ótica do gerenciamento de receitas no mercado acionário brasileiro. A amostra do estudo possui um total de 560 observações correspondentes a 112 empresas no período de 2016 a 2020. Para mensuração dos níveis de gerenciamento, foram considerados os modelos por accruals específicos discricionários de receitas propostos por Caylor (2010) e Stubben (2010). Como método de análise, utilizou-se modelos de regressão com dados em painel e testes a um nível de significância de 5%. Conforme os resultados obtidos, não foi possível confirmar que a adoção do CPC 47 (IFRS 15) afetou a qualidade da informação contábil a partir do aumento dos níveis de gerenciamento de receitas, assim como se os efeitos nos setores específicos apontados pela literatura como mais impactados foram maiores que os demais setores no mercado brasileiro de capitais. A pesquisa é relevante porque avança em relação aos estudos existentes aos utilizar dois modelos de gerenciamento de receitas diferentes para analisar os efeitos dos accruals específicos após adoção da norma e, além disso, amplia o período e amostra de empresas brasileiras. Diante disso, essa pesquisa contribui para o aprofundamento das discussões sobre os efeitos na aplicação dos normativos contábeis e auxilia nas análises dos órgãos reguladores, preparadores, auditores e informações financeiras sobre os efeitos do novo padrão contábil após adoção, principalmente no processo de Post-Implementation Review (PIR) da IFRS15.

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Revenue recognition practices in South Africa: An analysis of the decision usefulness of IFRS 15 disclosures

Cited by 7 publications

References 21 publications

Modelling the Vulnerability of Financial Accounting Systems during Global Challenges: A Comparative Analysis

Modelling the Vulnerability of Financial Accounting Systems during Global Challenges: A Comparative Analysis

Effects of CPC 47 (IFRS 15) from the perspective of revenue management in the brazilian stock market

Efeitos do CPC 47 (IFRS 15) sob a ótica do gerenciamento de receitas no mercado acionário brasileiro

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