IAS 2 Cash discounts

Date recorded:


The IFRIC considered whether it should provide guidance regarding how a purchaser of goods should account for cash discounts received.


Decision not to add

August 2002



The IFRIC agreed not to require publication of an Interpretation on this issue because paragraph 8 of (the pre-improvements) IAS 2 Inventories provides adequate guidance. Cash discounts received should be deducted from the cost of the goods purchased.

(Paragraph 8 was renumbered as paragraph 11 of IAS 2 as a result of the Improvements project)


IFRIC reference: IAS 2

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