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Revenue
Revenue
1.1 The objective of IAS 18
When should a company recognise revenue?
On despatch?
On delivery?
On signing of a contract?
On installation?
On completion?
On receipt of payment?
The answer is dependent on the terms and conditions of the sale and the type of
product on offer.
IAS 18 sets out rules for recognition of revenue dependent on whether the company
sales good or provides a service.
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