IAS 18 — Guidance on identifying agency relationships

Issue description

When does a seller act as an agent, and therefore should recognise only commission revenue and not revenue from selling goods or services, under IAS 18 Revenue?


Current status of the project

IFRIC removed this matter from its agenda and referred it to the IASB for resolution as part of the annual improvements process. The IASB finalised amendments to the guidance in IAS 18 Revenue as part of the 2008-2010 annual improvements cycle.


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.