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IAS 18 will be superseded by IFRS 15: Revenue from contracts with customers from 1 January 2018.
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Full text standard
Unaccompanied version of IAS 18
The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website. Free registration is required.
This unaccompanied version does not include additional content that accompanies the full standard, such as illustrative examples, implementation guidance and bases for conclusions.
IAS 18 – Revenue
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.
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.
IFRS checklists and model financial statements
Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires collected by the ICAEW Library.
Company Reporting (Croner-i)
The ICAEW Library can provide examples of real-life company reports to help keep you up-to-date with reporting practices and benchmark your financial reporting compliance. As well as extracts from reports filed by all major public companies, Company Reporting also offers weekly CR Monitor Reports detailing changes to reporting practice and a broader monthly CR Review.
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IFRS 2018: Interpretation and application of IFRS standards
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:
|24 June 2010||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’.
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Articles and books in the Library collection
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