Proceedings of the Asia Pacific Business and Economics Conference (APBEC 2018)

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Impact of Implementation of IFRS 15 on the Financial Statements of Telecommunication Company (Case Study of PT XYZ)

Authors
Mardo Bernoully, Ludovicus Sensi Wondabio
Corresponding Author
Mardo Bernoully
Available Online July 2019.
DOI
10.2991/apbec-18.2019.19How to use a DOI?
Keywords
Accounting; Convergence; IFRS 15; Revenue Recognition; Telecommunication
Abstract

The purpose of this research is to analyze the impact of implementation of IFRS 15 “Revenue from Contract with Customer” on the Financial Statement of Telecommunication Company in Indonesia. The paper presents a qualitative analysis in the form of literature and case study in cellular business process in PT XYZ. This research tries to analyze the magnitude of the impact of implementation on revenue measurement, recognition, presentation, and disclosure processes in the telecommunication company and to identify changes required to anticipate the enactment of this standard. The results demonstrate that the implementation of IFRS 15 in PT XYZ will affect not only the revenue recognition and financial reporting preparation processes but will also impact and require changes to the internal control environment, information and technology system, key performance indicators and employee benefit calculation processes, and also investor relations. The implementation of IFRS 15 is not only the responsibility of the Accounting Group, but also requires good coordination and teamwork among related units in PT XYZ in carrying out the necessary changes.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the Asia Pacific Business and Economics Conference (APBEC 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
July 2019
ISBN
978-94-6252-766-9
ISSN
2352-5428
DOI
10.2991/apbec-18.2019.19How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Mardo Bernoully
AU  - Ludovicus Sensi Wondabio
PY  - 2019/07
DA  - 2019/07
TI  - Impact of Implementation of IFRS 15 on the Financial Statements of Telecommunication Company (Case Study of PT XYZ)
BT  - Proceedings of the Asia Pacific Business and Economics Conference (APBEC 2018)
PB  - Atlantis Press
SP  - 141
EP  - 148
SN  - 2352-5428
UR  - https://doi.org/10.2991/apbec-18.2019.19
DO  - 10.2991/apbec-18.2019.19
ID  - Bernoully2019/07
ER  -