Determining the compliance levels of the manufacturing enterprises in BIST 100 with the TFRS 15 revenue from cortracts with customers standard

The main purpose of this research is to determine the compliance levels of the manufacturing enterprises in BIST 100 with the explaining obligations in the TFRS 15 revenue from contracts with customers standard and to detect if there is a relationship between the determined compliance levels and the characteristics of the enterprise. In the first part of this thesis, definitions and legal regulations related to revenue and contract are emphasised, in the second part the TFRS 15 revenue from contracts with customers standard is exemplified, in the third part the compliance of the manufacturing enterprises in BIST 100 with TFRS 15 revenue from contracts with customers standard explaining necessities are emphasised. With the aim of testing models and hypothesis which are created in order to reach the determined goal, 2020 annual reports of 41 manufacturing enterprises in BIST 100 are analyzed and the compliance index is determined by transferring explaining necessities in the standard to Microsoft Excel programme. Then, the relationship between the compliance level and the characteristics of the enterprise(firm age, type of auditor, stock market age, return on assets ratio, leverage ratio) which may affect the index decided by correlation analysis is determined . After that, these hypothesis are tested by multiple linear regression analysis. The compliance level of the manufacturing enterprises in BIST 100 is determined as %38. As a result of the analysis, it is found out that type of auditor and leverage ratio have a positive and meaningful effect on comlpliance level. Beside this, it is found out that firm age, stock market age and return on assets ratio have no effect on compliance level. Keywords: TFRS 15, Revenue, Financial Disclosures, Customer contracts