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IAS 18 — Customer loyalty programmes

Background

IFRIC considered the appropriate accounting under IAS 18 Revenue when an entity provides rewards, normally non-cash rewards, to loyal customers. The project does not include discounts and other sales incentives.

 

Current status of the project

This project has been completed. IFRIC 13 Customer Loyalty Programmes was issued on 28 June 2007.

 

Project milestones

DateDevelopmentComments
7 September 2006 Draft Interpretation D20 Customer Loyalty Programmes published Comment deadline is 6 November 2006
28 June 2007 IFRIC 13 Customer Loyalty Programmes issued Effective for annual periods beginning on or after 1 July 2008

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.