IAS 18

/IAS 18

License fee revenue

Hii Part 1 of License fee for a project is agreed and partly paid. Part 2 of the license fee is payable only after 15 months from the date of commencement of the project. Customer is slow in paying invoices. when can the Part 2 license fee be recognised under IFRS. now as the project [...]

By |March 27th, 2014|IAS 18|0 Comments

IAS 18 – Revenue

List of useful info, resources and documents available on other websites about IAS 18 – Revenue. Summary of IAS 18 – IASPlus Full Text of the IAS 18 as at 31 December 2010 provided by IASB (You need to register) Other useful resources … Co...

By |December 20th, 2011|DOCUMENTS, IAS 18, IAS 18 Revenue|Comments Off on IAS 18 – Revenue

IFRS Event: IFRS Application for LIFE Insurers 15–16 November, Central London, UK

IFRS Application for LIFE Insurers 15– 16 November, Central London, UK Visit the Website: http://www.informaglobalevents.com/FKM62276IFLW 10% discount available with VIP Code FKM62276IFLW This course provides high quality introductory to intermediat...

By |September 19th, 2011|EVENTS, FINANCIAL INSTRUMENTS, IAS 18, IAS 21, IAS 39, UK|Comments Off on IFRS Event: IFRS Application for LIFE Insurers 15–16 November, Central London, UK

Revenue Recognition for construction and contracting industry

As per IFRS, how should we recognize the revenue for constructions activities. can we still use percentage completion basis or fully Completed basis as per IAS 18. If % completion basis is allowed, then what is the minimum % should be, before revenue i...

By |December 21st, 2010|IAS 18|3 Comments

Discount & Revenue reporting

How should we report the discount on normal rates/tarriff as per IFRS. Is it mandatory to show both in Income statement or we can show net revenue? From management reporting perspective showing seperate is helpful but I am interested to know on IFRS. ...

By |December 1st, 2010|IAS 18|2 Comments


Dear Sirs, My query is related to IAS-17 described below : A tenant is leased an office and billed for a year. The lease agreement is signed and handed over the kays. The tenant did not pay rent and legal case filed. The lease agreement is renewed automatically and keys are still with the tenant. [...]

By |October 14th, 2010|AUDIT, IAS 18, IFRS BLOG, OTHER IFRS|5 Comments

IAS 18.11 Revenue Discounting

Does revenue discounted to cash basis at initial recognition need to be subsequently measured for changes in market interest rates for interest-free credit sales transactions?

By |September 14th, 2010|IAS 18|4 Comments

Treatment of volume discount whether to adjust in turnover or not. How it is treated in IFRS

Volume Discount in Indian books we reduce it from the turnover but for UK accounting how it will be treated whether as direct cost or to be reduced from turnover.

By |July 24th, 2010|IAS 18|2 Comments

Revenue recognition for taxes/service taxes

when we are paying taxes and subsquently recovering from customers, Can we net off and remaining can be shown as expenses. Do we need to show both lines seperately collection as revenue and payment as expenses

By |July 21st, 2010|IAS 18|2 Comments

How to recognize revenue for mall if 10 years tennacy contract but 8 years paid and two years for free?

how to recognize revenue for mall if 10 years tennacy contract but 8 years paid and two years for free

By |April 26th, 2010|IAS 18|2 Comments

Capitalization of ISO costs

Can external costs related to ISO certification be capitalized as intangible assets, under IFRS?

By |April 6th, 2010|IAS 18, IAS 38|2 Comments

Intragroup losses requires impairment?

Should the receivable from 100% subsidiray requires impairment if there are accumulated losses in sub and net worth is negative? If  it require impairment then what is the criteria to apply and specialy when audit report of that sub  has unqualifie...

By |March 10th, 2010|DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 18, IAS 36|4 Comments

Refund of earned income

How to treat the income which was earned and accounted in 2007, which is being partly refunded in 2009. The organisation had legal rights to the income and there was no error in accounting, so it is not a prior period item and there is no changes in the accounting policy.  The income is just [...]

By |December 10th, 2009|IAS 18|6 Comments

Unallocated revenues expenses

The company incured pre operational revenue expenses and after operation the company is runnig with profit and preoprational revenue expenses remain same without any adjustment. what will be the procedure to adjust the unallocated revenue expenses please give the reference of ifrs and accounting treatment and also give me information whether total amount of unallocated [...]

By |February 17th, 2009|IAS 18|1 Comment

License revenue

Dear All,   The company has main stream of revenue from rental property. The annual rent is amortized monthly equally over 12 months period.  Besides rental, company issues license for one year. I want to know whether license revenue should be amortized monthly over 12 months or in a month in which it is paid. […]

By |August 28th, 2008|IAS 18|0 Comments