IAS 18 — Initial fees received by a fund manager
Background
IFRIC considered how revenue should be recognised by a fund manager when a fund manager receives a one-off non-refundable up-front fee followed by regular payments for ongoing services received.
Current status of the project
IFRIC could not reach consensus on this matter and removed the issue from its agenda at its January 2007 meeting. This matter will be considered in the IASB's project on revenue recognition.