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An evaluation of the impacts of the adoption of IFRS 15 Revenue from Contracts with Customers

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  • Sebastian Onie
  • Le Ma
  • Helen Spiropoulos
  • Peter Wells

Abstract

This paper evaluates the impact of IFRS 15 Revenue from Contracts with Customers on the value relevance of financial reports for Australian listed firms. We find that for most firms the impacts of transition were immaterial, however some firms experienced a significant reduction in earnings and/or retained earnings and for these firms the value relevance of earnings was generally lower in the pre‐adoption period compared to firms in which there was no material impact. Post adoption, there is little evidence that the standard improved the relevance of earnings generally.

Suggested Citation

  • Sebastian Onie & Le Ma & Helen Spiropoulos & Peter Wells, 2023. "An evaluation of the impacts of the adoption of IFRS 15 Revenue from Contracts with Customers," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(S1), pages 953-973, April.
    • Handle: RePEc:bla:acctfi:v:63:y:2023:i:s1:p:953-973
    DOI: 10.1111/acfi.12978
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    References listed on IDEAS

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    Cited by:

    1. Monica-Laura ZLATI & Cristina Gabriela COSMULESE, 2023. "Assessing the CFO'S Perspective on IFRS 15 Implementation," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 148-156.

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