Listed and OTC companies in our country should adopt the International Financial Reporting Standards in preparing financial reports starting 2013. The International Financial Reporting Standards will become applicable for non-listed companies, non-OTC companies, emerging stock-de-regulating companies, credit cooperatives, and credit card companies in 2015. In light of this prospect, the implementation of the International Financial Reporting Standards (IFRS) has become a must for various enterprises.This thesis adopted the method of case analysis to discuss the impacts of the IFRS on the communication equipment industry. This thesis also adopted the IFRS used by companies to understand how they adopted the standards, to evaluate the influence and the difference between the implementation of the IFRS and the current accounting rules used in the Republic Of China, and to acquire an in-depth analysis on the influential IAS 18 Revenue and the IAS 21 The Effects of Changes of Exchange Rate.Based on the IAS18 revenue, the current study analyzed the timing of revenue recognition for the case companies, the accounting of sales transaction recognition, the accounting of deferred revenue, the system recording of deferred revenue, and the solution to the difference between revenue and taxes after the case companies have adopted the IFRS. The current study followed the rules of the IAS 21 the effects of changes of exchange rate to analyze the process of functional currencies entered by communication equipment companies and the evaluation of the major indicators and minor indices of functional currencies.