This study aims to examine how managerial decisions in revenue recognition affect income and asset value. Especially, the purpose of this paper to explore the level of compliance to MFRS 15 among Malaysian public listed companies in the construction industry. In achieving the aim, a content analysis procedure was carried out to analyse the annual reports 2020 of the 30 construction companies on Bursa Malaysia. This study found that the majority of construction companies have reported the majority of the requirements from the IFRS 15 Contract with Customers, with only four companies disclosing less than half of the obligations. The conclusion for this research is the company disclose the significant elements of MFRS 15 including description the performance obligation, determining the transaction price and allocating amounts of performance obligations. The implications of MFRS 15 are that construction companies should adequately the rights and obligations in contracts, as well as how revenue recognition in construction contracts will be affected.