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IAS 18 — Sales of real estate


The goal of this IFRIC project is to clarify how the requirements of IAS 18 Revenue should be applied to real estate sales in which contracts are agreed before construction is complete.


Current status of the project

This project has been completed. IFRIC 15 Agreements for the Construction of Real Estate was issued on 3 July 2008.


Project milestones

4 July 2007 Draft Interpretation D21 Real Estate Sales published Comment deadline 5 October 2007
3 July 2008 IFRIC 15 Agreements for the Construction of Real Estate issued Effective for annual periods beginning on or after 1 January 2009

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.