This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

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.