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The Possibility of the Jordanian Industrial Corporations to Apply the IFRS No. 15

Author

Listed:
  • Hasan Al-Shatnawi

Abstract

The goal of this study is to explore the possibility for the Jordanian industrial corporations to apply the International Financial Reporting Standers (IFRS) No. 15 from the point of view of the financial reporting preparers. To achieve the objectives of the study, a questionnaire was designed and distributed to a sample consisting of 84 individuals. Descriptive statistics were used to describe the study sample such as the frequencies, arithmetic mean, and standard deviation. In addition, the one-sample t-test was employed to test the study hypotheses at the 0.05 level of significance. This study showed that it is possible for the Jordanian industrial corporations to commit to the requirements for revenue recognition and the accounting measurement. As well as it is not possible commit to the requirements for the accounting disclosure of the revenues according to the IFRS 15. Furthermore, this study recommended to encouraging the corporations to commit to the requirements for revenue disclosure according to the IFRS 15 in such a way as to reinforce/foster trust of the users of the accounting information in the financial reports.

Suggested Citation

  • Hasan Al-Shatnawi, 2017. "The Possibility of the Jordanian Industrial Corporations to Apply the IFRS No. 15," Asian Journal of Finance & Accounting, Macrothink Institute, vol. 9(1), pages 375395-3753, December.
    • Handle: RePEc:mth:ajfa88:v:9:y:2017:i:1:p:375395
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    References listed on IDEAS

    as
    1. Karina Kasztelnik, 2015. "The Value Relevance of Revenue Recognition under International Financial Reporting Standards," Accounting and Finance Research, Sciedu Press, vol. 4(3), pages 1-88, August.
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      JEL classification:

      • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
      • Z0 - Other Special Topics - - General

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