IAS 18 Prompt settlement discounts

Date recorded:

Issue

-

 

Decision not to add

July 2004

 

Reason

IFRIC members agreed that prompt settlement discounts should be estimated at the time of sale, and presented as a reduction in revenues.  IFRIC members agreed that it should not provide guidance on making such estimates, and declined to add the issue to the agenda.

 

IFRIC reference: IAS 18

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