Study on the impact of IFRS 15 on publicly listed telecommunication companies

• Main Authors: Alcantara, Marcus B., De Castro, Paolo Adrian O., Jalova, John Denison C., Yap, Donn EJ P.
• Format: text
• Language: English
• Published: Animo Repository 2014
• Subjects: Financial statements > Standards > Philippines
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/7697
• Institution: De La Salle University

Revenue is one of the most important items in the financial statements hence various studies were conducted regarding the topic to improve its presentation. Hence IFRS 15 was produced in order to address the issues that were present in IAS 18 that aims to become more specific to revenue recognition. This study focused on the possible impact of the new standard, IFRS 15, to the revenue of publicly listed telecommunication in the Philippines. The study would be relevant to industries that would be affected by the application of IFRS 15 especially the telecommunications industry because of the nature of the services the said industry is offering. Data were taken from the financial statements of the said firms while taking into account the researchers' interpretation to the changes brought by the new standard to recalculate the revenues adhering to this standard. Appropriate statistical test were applied, and the results showed that there were significant differences between the revenue levels under IAS 18 and IFRS 15 on and among all publicly listed telecommunication companies.