This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Revenue Recognition

Date recorded:

National standard-setters in Europe are divided on the IASB's proposals. Many think that control by the customer of the goods or services supplied is the wrong starting point. In essence, they like IAS 11 but want the IASB to fix IAS 18.

As the exchange continued, it seemed that the IASB and EFRAG were reasonably close in terms of what revenue to recognise and when, but differed on how that assessment would be made (customer vs. producer/ supplier; activity vs. change of control).

The first of a series of roundtables on the ED will be held in Malaysia, tied to the World Congress of Accountants (8-11 November).

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.