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

摘要

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.