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IAS 18 — Initial fees received by a fund manager

Background

IFRIC considered how revenue should be recognised by a fund manager when a fund manager receives a one-off non-refundable up-front fee followed by regular payments for ongoing services received.

 

Current status of the project

IFRIC could not reach consensus on this matter and removed the issue from its agenda at its January 2007 meeting. This matter will be considered in the IASB's project on revenue recognition.

 

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.