TFRS 15 Müşteri Sözleşmelerinden Hasılat Standardına Geçişin BİST 100 Endeksindeki Firmaların Finansal Tablolarına Etkileri

Abstract

TAS 11 Construction Contracts and TAS 18 Revenue standards that could not provide sufficient guidance on revenue recognition were replaced by TFRS 15 Revenue from Contracts with Customers standard, which came into effect as of January 1, 2018. In this study, the effects of the transition to TFRS 15, which has created a new framework for the recognition of revenue with the five-step model, on the financial statements of companies in the BIST 100 index have been examined. To determine the impact of the transition to TFRS 15, content analysis was performed on the 2018 year-end financial statements and footnotes. Percentage changes in the affected items of sixteen companies that have disclosed the necessary financial data regarding TFRS 15 implementation (before and after TFRS 15) were calculated, and paired (dependent) samples t-tests were performed to assess whether these changes were statistically significant. According to the research findings, the effects of TFRS 15 on assets and favorable impact on profitability are most evident in the technology, transportation, communication and storage sectors, and an unfavorable profitability effect is identified for a holding company due to its investments accounted for under the equity method. This study could not determine any statistically significant impact on financial statement items regarding the transition to the new revenue standard.