Changing the paradigm for revenue recognition: literature review on intended and unintended effects of IFRS 15 and ASC 606

作者：E. Barone, Stephani A. Mason, Araceli Mora, D. Procházka · 发表于：Accounting in Europe · 年份：2025 · DOI：10.1080/17449480.2025.2528899 · 被引用次数：3

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). Drawing on questions from the post-implementation reviews aimed at academics, this literature review synthesises and analyses 52 relevant academic studies. We utilise 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 these changes and ultimately bridging the demand and supply of accounting research.