The impact of the commitment to apply the revenue criterion from contracts with customers in increasing the quality of financial reports: from the point of view of financial report preparers in Palestine

Abstract

The study aimed to verify the impact of the commitment to apply the revenue criterion from contracts with customers in increasing the quality of the information contained in the financial reports of Palestinian companies, from the viewpoint of the financial report preparers. (86) One of the size of the community, the results of the study concluded that there is a direct correlation with a positive effect between the requirements for applying the revenue criterion from contracts with clients (IFRS 15) and an increase in the appropriateness and reliability of the information contained in the financial reports, as it was found that there are difficulties facing the application of the IFRS standard 15) which requires fundamental changes in the current operations, with a weakness in the qualified accounting staff to work according to (IFRS 15) standard. Revenue from contracts with customers because it has a positive impact on increasing and improving the degree of suitability and reliability of the information contained in the financial reports.