The Impact of Revenue From Contracts With Customers on Financial Performance
Main Article Content
Keywords
IFRS 15, Financial Performance, Revenue
Abstract
This research aims to disseminate the impact of implementing IFRS 15 on company financial performance, with a focus on property and real estate companies in Indonesia listed on the Indonesia Stock Exchange (BEI) and similar companies on the Stock Exchange of Thailand (SET) during the period 2018-2021 observations for companies in Indonesia and 2017-2020 for Thai companies. The research sample was 46 companies selected using the purposive sampling method. This research uses a comparative method to compare financial performance before and after the implementation of IFRS 15. Data analysis was carried out using the paired sample t-test or Wilcoxon test. The research results show that after the implementation of IFRS 15, profitability ratios (NPM, ROA and ROE) show a decline compared to before. On the other hand, the solvency ratio (DAR and DER) showed an increase, and the liquidity ratio (CR) decreased compared to the period before the implementation of IFRS 15.
References
Casnila, I., & Nurfitriana, A. (2020). Analisis Dampak Kinerja Keuangan Sebelum Dan Sesudah Penerapan Psak 72 Pada Perusahaan Telekomunikasi Yang Terdaftar Di Bursa Efek Indonesia (Bei). Jurnal Riset Akuntansi Dan Perbankan, 14(1), 220–240.
IAI. (2024). SAK Disahkan Selama Tahun 2017. IKATAN AKUNTAN INDONESIA. https://web.iaiglobal.or.id/SAK-Umum-Disahkan/SAK Disahkan Selama Tahun 2017#gsc.tab=0
IASB. (2020). At a Glance At a Glance. Teachers’ Pension Plan Annual Report, 12(3), 1–2. https://www.ippf.org/sites/default/files/2020-07/At a Glance 2019.pdf
Irwansyah, I., & Wulandari, T. (2019). Pengaruh Kompetensi Aparatur Penata Laporan Keuangan Dan Peran Aparat Pengawas Intern Pemerintah (Apip) Terhadap Kualitas Laporankeuangan Pemerintah Daerah Di Provinsi Bengkulu. Jurnal Akuntansi, 8(3), 123–134. https://doi.org/10.33369/j.akuntansi.8.3.123-134
Jensen, M., & Meckling, W. (2012). Theory of the firm: Managerial behavior, agency costs, and ownership structure. The Economic Nature of the Firm: A Reader, Third Edition, 283–303. https://doi.org/10.1017/CBO9780511817410.023
Jonathan Fryer, T. P. (2018). TFRS 15, ‘Revenue from contracts with customers.’ Mazars. https://www.mazars.co.th/Home/Insights/Doing-Business-in-Thailand/Accounting/TFRS-15-Revenue-from-contracts-with-customers2
Khairani, S.-. (2019). Pengaruh Profitabilitas, Financial Distress, Dewan Komisaris Independen Dan Komite Audit Terhadap Nilai Perusahaan Dimediasi Oleh Tax Avoidance (Studi Empiris Pada Perusahaan Sektor Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia Periode 2. Jurnal Akuntansi, 9(1), 47–64. https://doi.org/10.33369/j.akuntansi.9.1.47-64
Kharisma Dewanti, D. (2015). Studi Perbandingan Tingkat Kepatuhan Adopsi International Financial Reporting Standard (Ifrs) Di 12 Negara. Diponegoro Journal of Accounting, 4, 1–14. http://ejournal-s1.undip.ac.id/index.php/accounting
Mutiha, A. H. (2023). Analisis Dampak Penerapan PSAK 72 Terhadap Kinerja Keuangan Perusahaan. Jurnal Vokasi Indonesia, 10(1). https://scholarhub.ui.ac.id/jviAvailableat:https://scholarhub.ui.ac.id/jvi/vol10/iss1/1
Nurazi, R., & Usman, B. (2019). Impact of financial development on income inequality and poverty in ASEAN. Institutions and Economies, 11(3), 1–38.
P. Suryani, Fachruzzaman, A. (2021). Pengaruh Partisipasi Publik, Akuntabilitas,Transparansi Dan Integritas Terhadap Kinerja Keuangan Daerah Kabupaten Bengkulu Tengah. Vol 1 No (, Hal 1-16.
Ramdani, R. F. (2020). Bentuk Penerapan International Financial Reporting Standard (IFRS) Di Negara Anggota Asean. JEMMA (Journal of Economic, Management and Accounting), 3(2), 146. https://doi.org/10.35914/jemma.v3i2.428
Saiful, S., Aziza, N., Husaini, H., Nikmah, N., & Fortuna, K. D. (2023). the Impact of New Financial Instrument and Lease Accounting Standard on Financial Performance of Companies. EKUITAS (Jurnal Ekonomi Dan Keuangan), 7(1), 102–127. https://doi.org/10.24034/j25485024.y2023.v7.i1.5565
Veronica, Lestari, U. P., & Metekohy, E. Y. (2019). Analisis Dampak Penerapan Pengakuan Pendapatan Berdasarkan PSAK 72 Terhadap Kinerja Keuangan Perusahaan Real Estat di Indonesia yang Terdaftar di Bursa Efek Indonesia Tahun 2018. Prosiding Industrial Research Workshop and National Seminar, 10(1), 965–973. www.idx.co.id.
Zhang, L. (2020). M & A Financial Performance Analysis. ACM International Conference Proceeding Series, 14(1), 8–15. https://doi.org/10.1145/3418653.3418670
