Evidence of Economic Consequences of IFRS 15 and ASC 606

Barone, E., Mason, S., Mora, A. and Procházka, D. (2025) Evidence of Economic Consequences of IFRS 15 and ASC 606. Working Paper. Accounting in Europe. (Submitted)

Abstract

This paper offers a review of the recent literature examining the adoption of the new revenue recognition accounting standards under IFRS (IFRS 15) and US GAAP (ASC 606). Starting with the questions raised by standard setters during their post-implementation review processes, this study explores the questions pertinent to academics using relevant, existing academic evidence that can provide decision-useful information for standard setters. We utilize a proposed framework of the economic consequences of regulatory changes, identify gaps in the literature, and propose future research. This study contributes to a more nuanced understanding of the implications of the new revenue recognition standards, thereby enlightening standard setters on the effects of the changes, ultimately bridging the demand and supply of accounting research.

Actions (login required)

Edit Item Edit Item