Showing posts with label Revenue Recognition. Show all posts
Showing posts with label Revenue Recognition. Show all posts
Monday, August 3, 2015

Clarifications to IFRS 15 regarding Revenue from Contracts with Customers

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In May 2014, the IASB and the US national standard-setter, the FASB, jointly issued a new revenue Standard – IFRS 15 Revenue from Contracts...
Saturday, July 25, 2015

IFRS 15 regarding Revenue from Contracts with Customers, reasons for issuing the IFRS

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In May 2014, the IASB and the US national standard-setter, the FASB, jointly issued a new revenue Standard – IFRS 15 Revenue from Contracts ...
Thursday, November 11, 2010

Revenue Recognition from Rendering of Services

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In general, IAS 18, Revenue states that revenue is recognized when it is probable that future economic benefits will flow to the entity an...
Friday, November 5, 2010

Revenue recognition while an entity is acting as a Principal or as an Agent

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Based on IAS 18, Revenue , in general term, revenue is recognized only when it is probable that the economic benefits associated with the tr...
Friday, June 25, 2010

ED of Revenue from Contracts with Customers

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The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) today (24 June 2010) published fo...
Thursday, March 11, 2010

Measurement of Revenue

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IAS 18, par. 9 states that revenue shall be measured at the Fair Value of the consideration received or receivable. The amount of revenue...
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Friday, October 2, 2009

Revenue Recognition, the latest update from IASB

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The International Accounting Standards Board met in London on 14 - 18 September 2009, when it discussed: Financial crisis - Derecognit...
Thursday, September 24, 2009

Revenue recognition from the sale of goods

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Revenue from the sale of goods should be recognized if all of the five conditions mentioned below are met. (1) The reporting entity has tr...
Wednesday, July 15, 2009

When to Recognize Revenue ?

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“ Revenue is recognized when it is probable that future economic benefits will flow to the entity and these benefits can be measured reliabl...
Thursday, August 14, 2008

IAS 18 Revenue, the Preliminary

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International Accounting Standard (IAS) 18 Revenue was issued by the International Accounting Standards Committee in December 1993. It repla...