MFRS 15 revenue from contracts with customers: its adoption and the organisational change

Recently, the Malaysian Accounting Standards Board has issued several new regulation standards to replace the previous standards for harmonization of financial reporting. One of the new standards is the Malaysian Financial Reporting Standard (MFRS) 15 Revenue from Contracts with Customers. By focusi...

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Bibliographic Details
Published in:Journal of Revenue and Pricing Management
Main Author: Mohd Fauzi S.I.; Ali M.M.; Ghani E.K.
Format: Article
Language:English
Published: Palgrave Macmillan 2023
Online Access:https://www.scopus.com/inward/record.uri?eid=2-s2.0-85178892864&doi=10.1057%2fs41272-023-00451-9&partnerID=40&md5=ad3faaf2b0b27c55f158e52eb49dade5
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Summary:Recently, the Malaysian Accounting Standards Board has issued several new regulation standards to replace the previous standards for harmonization of financial reporting. One of the new standards is the Malaysian Financial Reporting Standard (MFRS) 15 Revenue from Contracts with Customers. By focusing on the telecommunication company, the objective of this study is to review the impact of MFRS 15 adoption and the organizational change process. This study adopted frameworks by Dillard et al. in (Acc Audit Acc J 17:506–542, 2004) and Burns and Scapen in (Manag Acc Res 11(1):3–25, 2000) to have a better understanding of the organisational change process due to MFRS 15 adoption especially at the intra-organisational level. The findings of this study present a general view on the understanding of the effect of MFRS 15 adoption in which the cause from external pressure leads to the changes in the rules and routines in a telecommunication company. This study will contribute to the existing accounting literature related to MFRS 15 especially within the telecommunication industry. © 2023, The Author(s), under exclusive licence to Springer Nature Limited.
ISSN:14766930
DOI:10.1057/s41272-023-00451-9