hh.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Förändring i intäktsredovisning: Implemetering av IFRS 15 i svenska koncerner
Halmstad University, School of Business, Engineering and Science.
2019 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
Change in revenue recognition : Implementation of IFRS 15 in Swedish groups (English)
Abstract [en]

Revenue is a central part of financial reporting and business activities, but there is a great deal of criticism and problems related to revenue recognition. In connection with this, a new standard IFRS 15 has been developed, in a convergence project between international standards setters IASB and FASB. This puts listed companies under new requirements when reporting revenue from 1 January 2018. The purpose of the standard is to harmonize international accounting, but for companies IFRS 15 means changes that must be implemented in the accounting work of companies. This aroused interest in the study of change by focusing on the implementation of the new standard. The problem discussion explains the importance and potential impact of the new standard, as well as essential elements to take into consideration when implementing accounting change. The model for accounting change, which focuses on the implementation of change in accounting work, is also presented. In this way, by combining claims in previous research, an analysis model is designed. The analysis model is a tool to cover the identified knowledge gap within IFRS 15 and implementation of accounting change. The aim of the study is to explain the change in revenue recognition and to describe the implementation of accounting change, with a focus on IFRS 15. The question that is answered is, how has the new revenue standard IFRS15 been implemented in the company’s accounting works?

The theoretical framework describes the background to international accounting and the new revenue standard. Furthermore, the change behind IFRS 15 is described as an option to highlight balance-oriented approach, five-step model and extended disclosure requirements. Consequently, the change is limited to the abovementioned three points and is analyzed by means of a model of accounting change based on three types of impact and three types of barriers. The model, in turn, was combined with noted factors in implementing new accounting standards. These factors are described by authors as incentives, early planning, knowledge, external expertise, education and IT system. The study is characterized by deduction and with a descriptive character. The survey was conducted with qualitative semi-structured interviews, which was considered the most appropriate method in the case of circumstances and the development of the issue and purpose.

Empirics are consisting of interviews that have been summarized and divided into two categories by the respondent’s perspective, as external specialists and internal employees. Interviews were further analyzed with the help of anchoring in previous research compiled in one model. The conclusion of the study is that the degree of involvement in IFRS 15 implementation varied considerably between companies. This can be explained by industry affiliation, size, incentives and organizational structure. The conclusion also shows that majority of groups revenue, was not affected in most cases. Another important moment is that many companies had underestimated the work that IFRS 15 implementation meant. It was found that early planning was a prerequisite for increasing knowledge and understanding of the balance sheet approach, which is central to the correct application of five-step model in relation to revenue, which is now to be carefully disclosed by companies. Among the companies, a great deal of knowledge shortages has been observed, which has been covered by external expertise. The most common questions concerned mainly five-step model and the hardest part proved to be step two, to identify various performance commitments. The most common motivation in the implementation process is the set of rules that are easy to follow and integrate into the organization and IT systems. The work in the case companies were going on in intended project groups that first learned the meaning of IFRS 15, with the support of either group management or external expertise. The implementation was implemented using appropriate education and IT systems switching, which resulted in successful implementation of both case companies.

Place, publisher, year, edition, pages
2019. , p. 45
Keywords [en]
international accounting, revenue recognition, IFRS, IFRS 15, accounting change, implementation
Keywords [sv]
internationell redovisning, intäktsredovisning, IFRS, IFRS 15, redovisningsförändring, implementering
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:hh:diva-39710OAI: oai:DiVA.org:hh-39710DiVA, id: diva2:1323241
Subject / course
Business
Educational program
Business Administration and Economics Programme, 180 credits
Presentation
2019-05-29, Högskolan i Halmstad, Halmstad, 08:00 (Swedish)
Supervisors
Examiners
Available from: 2019-06-12 Created: 2019-06-11 Last updated: 2019-06-12Bibliographically approved

Open Access in DiVA

fulltext(1488 kB)16 downloads
File information
File name FULLTEXT02.pdfFile size 1488 kBChecksum SHA-512
6822b4355cd1a765c2e7a248ff0b0e277d82c4c667c50c64476b0882d999f764b6e080fc53ad49d9c6c4317673a3678ab58b3c2f351b28fe2f157f5633a737ff
Type fulltextMimetype application/pdf

By organisation
School of Business, Engineering and Science
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar
Total: 16 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 51 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf