International Financial Reporting Standard 15 (IFRS 15) Revenue from Contracts with Customers has significantly changed the philosophy of revenue recognition, not only to provide a fairer representation of corporate revenues, but also to inhibit the use of revenues for ‘earnings management’ purposes. We provide a framework to analyse the various effects of new and amended accounting standards. Changes in how companies recognise, measure, present and disclose their revenues (accounting effects) can affect how companies and their transactions are understood, both internally and externally (information effects), can change security prices (capital market effects) and can change how companies operate, and their costs and cash flows (real effects). We provide empirical evidence, based on a review of corporate annual reports, comment letters and interviews, on the effects of IFRS 15. We find evidence of accounting, information and, to a lesser extent, real effects, although, outside a few industries, IFRS 15 has had relatively little impact on the recognition and measurement of revenue.

中文翻译：

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新会计准则的实际影响：以 IFRS 15 客户合同收入为例

国际财务报告准则第 15 号 (IFRS 15) 客户合同收入显着改变了收入确认的理念，不仅提供了更公平的公司收入表示，而且还禁止将收入用于“盈余管理”目的。我们提供了一个框架来分析新的和修订的会计准则的各种影响。公司如何确认、衡量、呈现和披露其收入（会计效应）的变化会影响对公司及其交易的理解，内部和外部（信息效应），可以改变证券价格（资本市场效应）并可以改变公司的方式运营，以及它们的成本和现金流（实际影响）。我们根据对公司年度报告的审查提供经验证据，