IAS 18 identifies the circumstances in which those criteria will be met and, therefore, revenue will be recognised. It also provides practical guidance on the application of the criteria. Revenue is …

IAS 18 provides guidance on accounting for revenue arising from various types of transactions and events.

IAS 18 and IFRS 15 are both accounting standards that provide guidance on revenue recognition. However, there are some key differences between the two. IAS 18 focuses on the recognition …

IAS 18 International Accounting Standard 18 Revenue Objective Income is defined in the Framework for the Preparation and Presentation of Financial Statements1 as increases in …

Explain exactly what IAS 18 and IAS 11 mean by ‘revenue’. Outline the principles that underpin the recognition and measurement of revenue. Review some of the implementation examples …

IAS 18 prescribes the accounting treatment of revenue arising from the following types of transactions and events: • sale of goods; • rendering of services; and • the use by others of …

IAS 18 sets out the required accounting treatment for revenue arising from the sale of goods, the rendering of services, and the use by others of assets yielding interest, royalties and dividends.

How does IFRS 15 change revenue recognition? Does it affect YOU? You'll find a clear explanation and its comparison with IAS 18 on a numerical example here!

IFRS 18 sets out requirements to help companies determine whether information about items should be in the primary financial statements or in the notes and provides principles for …

On 9 April 2024, the IASB issued a new standard – IFRS 18, ‘Presentation and Disclosure in Financial Statements’ – in response to investors’ concerns about the comparability and …