IAS 18 Prompt settlement discounts
Date recorded:
GMT+1
Location:
London
Issue
-
Decision not to add
July 2004
Reason
IFRIC members agreed that prompt settlement discounts should be estimated at the time of sale, and presented as a reduction in revenues. IFRIC members agreed that it should not provide guidance on making such estimates, and declined to add the issue to the agenda.
IFRIC reference: IAS 18
