Implementation of IFRS 15 in companies listed on the Colombian and Santiago de Chile Stock Exchanges

Abstract

The purpose of this research is to identify the equity effects associated with the implementation of IFRS 15 and the variations produced in the perfor - mance indicators of companies listed in the Colombian and Santiago de Chile Stock Exchanges. The methodology used is Gray’s conservatism in - dex, which is applied to the variations presented in the financial statements of the adopting entities. The results show a contrast of equity effects, since Colombian companies presented positive impacts in 70 %, while only 21 % of Chilean companies showed positive variation. Similarly, of the total number of entities analyzed, it was found that 9 % of Colombian entities and 4 % of Chilean entities did not include any information associated with the application of IFRS 15.