Statements (40)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
accounting standard
|
| gptkbp:appliesTo |
interest
dividends royalties sale of goods revenue recognition lease agreements insurance contracts dividends from investments accounted for under the equity method changes in fair value of financial assets and liabilities extraction of mineral ores rendering of services initial recognition and changes in fair value of biological assets |
| gptkbp:basisOfConclusion |
Revenue is recognized when the significant risks and rewards of ownership have been transferred to the buyer.
|
| gptkbp:category |
accounting standard
|
| gptkbp:criteria |
interest: time proportion basis
sale of goods: transfer of significant risks and rewards of ownership royalties: accrual basis dividends: when right to receive payment is established rendering of services: stage of completion can be measured reliably |
| https://www.w3.org/2000/01/rdf-schema#label |
IAS 18 Revenue
|
| gptkbp:issuedBy |
gptkb:International_Accounting_Standards_Board
gptkb:International_Accounting_Standards_Committee |
| gptkbp:language |
English
|
| gptkbp:objective |
to prescribe the accounting treatment of revenue arising from certain types of transactions and events
|
| gptkbp:principle |
Revenue is recognized when it is probable that future economic benefits will flow to the entity and these benefits can be measured reliably.
|
| gptkbp:region |
International
|
| gptkbp:relatedStandard |
gptkb:IFRS_15_Revenue_from_Contracts_with_Customers
gptkb:IAS_11_Construction_Contracts |
| gptkbp:replacedBy |
gptkb:IFRS_15_Revenue_from_Contracts_with_Customers
|
| gptkbp:scope |
applies to all revenue arising from ordinary activities except for those covered by other standards
|
| gptkbp:standardNumber |
IAS 18
|
| gptkbp:startDate |
1 January 1995
|
| gptkbp:status |
withdrawn
|
| gptkbp:subjectArea |
Financial reporting
Revenue recognition |
| gptkbp:title |
Revenue
|
| gptkbp:withdrawn |
1 January 2018
|
| gptkbp:bfsParent |
gptkb:IFRS_15_Revenue_from_Contracts_with_Customers
|
| gptkbp:bfsLayer |
6
|