IAS 18 identifies the circumstances in which those criteria will be met and, therefore, revenue will be recognised. It also provides practical guidance on the application of the criteria. Revenue is …

It now provides guidance for determining whether an entity is acting as a principal or as an agent. The objective of IAS 18 is to prescribe the accounting treatment for revenue arising from …

IAS 18 sets out the required accounting treatment for revenue arising from the sale of goods, the rendering of services, and the use by others of assets yielding interest, royalties and dividends.

IAS 18 Revenue The primary issue in accounting for revenue is determining when to recognise revenue. Revenue is recognised when it is probable that future economic benefits will flow to …

Jul 21, 2025 · This publication discusses the new requirements in IFRS 18 Presentation and Disclosure in Financial Statements, which replaces IAS 1.

IFRS 18 sets out overall requirements for the presentation and disclosure in financial statements. The IASB did not reconsider all aspects of IAS 1 when developing IFRS 18, but instead …

This Standard supersedes IAS 18 Revenue Recognition approved in 1982. Goods includes goods produced by the entity for the purpose of sale and goods purchased for resale, such as …

In April 2024, the International Accounting Standards Board (IASB) issued the new accounting standard, IFRS 18 ‘Presentation and Disclosure in Financial Statements’. This will replace the …

IFRS 18 Presentation and Disclosure in Financial Statements was issued by the International Accounting Standards Board (IASB) in April 2024. This new Accounting Standard is …

IFRS 18 replaces IAS 1, carrying forward many of the requirements in IAS 1 unchanged and complementing them with new requirements. In addition, some IAS 1 paragraphs have been …