| Summary: | 碩士 === 國立臺北大學 === 會計學系 === 103 === The revenue recognition guidance under IFRS is concentrated in two standards, IAS18 (Revenue) and IAS11 (Construction Contracts), and three related interpretations; however, this guidance has often been criticized as being difficult to understand and to apply to more complex revenue transactions. In addition, under the broad revenue recognition concepts, much industry-specific or transaction-specific guidance can result in different accounting for economically similar transactions. As far back as 2002, FASB and the IASB agreed to work together on a joint project examining revenue recognition. In 2014, the IFRS 15 Revenue from Contracts with Customers has been announced, it provides a comprehensive principle-based revenue recognition model, which would create a single revenue recognition standard to be applied to all contracts with customers.
This study is to comprehend the impact on individual interviewee after the adoption of IFRS15 and evaluate the effect and response for individual enterprise and financial report users (e.g. external investors, banks, etc.) due to future transition of the change of revenue recognition.
By industrial practical experience of conversion of IFRS15 to share their experience of evaluation process and problems during the transition, this study hopes not only to help enterprises to prepare and response in advance for the conversion of revenue recognition from IAS18 to IFRS15, but also provide a reference orientation for enterprises.
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