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IAS 18: Revenue

The accounting standard IAS 18 sets out the criteria and treatment for recognising and accounting for revenue. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.

IAS 18 will be superseded by IFRS 15: Revenue from contracts with customers from 1 January 2018.

What's on this page?

  • Full-text standard
  • Summaries
  • Guidance and support from ICAEW
  • Example accounts
  • eBooks
  • Guides
  • Online articles
  • Articles and books from the Library

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Full-text standard

The IFRS Foundation and International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website; you will need to register to gain access.

These standards are the unaccompanied versions and do not include any additional content that accompanies the full IAS and IFRS such as illustrative examples, implementation guidance and bases for conclusions.

Summaries

IAS 18 – Revenue 
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.

Revenue and construction contracts 
Topic summary provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.

ICAEW guidance and support

Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.

Example accounts

IFRS checklists and model financial statements
Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires compiled by the ICAEW Library.

Best practice

Company Reporting
The ICAEW Library can provide extracts of reports to illustrate real-life best practice from CCH's Company Reporting tool. Extracts are searchable by industry sector, subject, company, auditor, listing status and year end date. The product also offers reports with summaries and commentary (with examples) on common practices and emerging issues, as well as an ongoing monitor of changing practices.

  • IAS 18 'Revenue' CR Extracts
  • Revenue under IFRS
  • Income statement format under IFRS

Contact us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com to get any documents from Company Reporting.

ICAEW and Financial Reporting Faculty members can also buy a personal discounted subscription to this product.

eBooks

The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

IFRS 2017: Interpretation and application of IFRS standards
Erwin Bakker (2017)
This Wiley guide has been fully updated to help practitioners apply and comply with the latest international financial reporting standards. It provides detailed guidance along with illustrative examples. The chapter on revenue recognition covers:

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

IASB news

IASB and FASB propose a new joint standard for revenue recognition 
Press release issued by the IASB on 24 June 2010.

Guides and publications

Some guides and comparisons that we link to may pre-date the latest amendments to this standard. While these resources contain useful information, please treat them with appropriate caution.

New on the Horizon: Revenue recognition for media companies 
Publication focusing on the media industry from KPMG, published February 2012, looks at the potential impact of the revised proposals on telecoms.

New on the Horizon: Revenue recognition for telecoms 
This publication looks at the potential impact of the revised proposals on telecoms from KPMG, published February 2012.

New on the Horizon: Revenue from contracts with customers 
This edition of New on the Horizon introduces the proposals in ED/2011/6 Revenue from contracts with customers, which was published on 14 November 2011.

Related IFRIC Interpretations

IFRIC 13: Customer Loyalty Programmes

Summaries of Interpretations: IFRIC 13 Customer Loyalty Programmes 
Summary and history of IFRIC 13 from Deloitte IAS Plus.

IFRIC issues guidance on customer loyalty programmes 
Press release issued by the International Financial Reporting Interpretations Committee (IFRIC) on 28 June 2007 announcing the publication of IFRIC 13 which ‘addresses accounting by entities that grant loyalty award credits (such as 'points' or travel miles) to customers who buy other goods or services’.

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

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