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IAS 18 Revenue

IAS 18 Revenue sets out the criteria to be met in order that revenue be recognised in the accounts.

Published December 1993. Effective 1 January 1995. Withdrawn for periods starting on or after 1 January 2018 when IAS 18 is superseded by IFRS 15 Revenue from Contracts with Customers.

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Which version of the standard?

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Annual period starts
Effective version of standard
Notes on amendments 
1 January 2017 – 31 December 2017 IAS 18 2017 Required Standards 
 Does not include the amendment

The Required Standards book for a particular year assumes that there is no early application of issued but not yet effective IFRSs; The Issued Standards book assumes early application of all issued IFRSs. It was previously called the Red Book.

For the latest version of the standard, and where IFRS 9 (but not IFRS 15 Revenue from Contracts with Customers) is to be adopted early, refer to IAS 18 2014 Red Book.

Recent amendments

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1. IFRS 9 Financial Instruments amendment to IAS 18

Effective for annual periods beginning on or after 1 January 2018. Earlier application is permitted. This amendment is therefore only relevant where IFRS 9 is adopted early, but IFRS 15 is not adopted early.

IFRS 9 amends IAS 18 to delete references to IAS 39 and refer to IFRS 9 in excluding proceeds on disposal of financial instruments from the scope of the standard, and also in relation to interest revenue.

The following interpretations refer to IAS 18

This page was last updated 20 January 2019