IAS Plus newsletter - Special Edition – IFRIC 13 Customer Loyalty Programmes

Published on: 27 Jun 2007

On 28 June 2007, the International Financial Reporting Interpretations Committee (IFRIC) issued a new Interpretation entitled Customer Loyalty Programmes. This Interpretation addresses the accounting by entities that provide their customers with incentives to buy goods or services by providing awards (called ‘award credits’ in the Interpretation) as part of a sales transaction. Common examples are airline and hotel loyalty schemes and credit card reward schemes.


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