IFRS 15 Implementation and Impact: Systematic Literature Review

Anita Tenzer

Český finanční a účetní časopis, 2025, vol. 2025, issue 2, 19-51

Abstract: The literature review integrates findings from 32 studies which examined IFRS 15 adoption effects on different countries and industries. The implementation of IFRS 15 has achieved its main goal of creating better revenue recognition standards which enhance financial reporting excellence and transparency and promote comparability. The review demonstrates how IFRS 15 adoption modified revenue recognition timing while improving earnings quality and reducing earnings manipulation in industries with complex long-term contracts such as construction and telecommunications. The transition process was smoother for those companies serving developed markets but emerging economies had to contend with more issues due to scarce resources and lax enforcement mechanisms. Empirical evidence indicates that comparability and decision-usefulness of financial statements enhanced post-adoption but inconsistent disclosure practices and management judgment reliance remain issues. Research gaps with respect to longitudinal studies and user-behavioral responses are indicated in the review and provide avenues for further research

Keywords: IFRS 15; Revenue recognition; Financial reporting quality; Comparability; Earnings Management (search for similar items in EconPapers)
JEL-codes: F65 M41 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://cfuc.vse.cz/doi/10.18267/j.cfuc.616.html (text/html)
http://cfuc.vse.cz/doi/10.18267/j.cfuc.616.pdf (application/pdf)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlcfu:v:2025:y:2025:i:2:id:616:p:19-51

Ordering information: This journal article can be ordered from
Český finanční a účetní časopis, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
http://cfuc.vse.cz

DOI: 10.18267/j.cfuc.616

Access Statistics for this article

Český finanční a účetní časopis is currently edited by Karel Brůna

More articles in Český finanční a účetní časopis from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().