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All About IFRS - IFRSbox - Making IFRS Easy

Lots of IFRS articles, practical examples with journal entries, entertaining IFRS videos, CPD courses and great discussions about practical topics.

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Accounting for discounts under IFRS - IFRSbox - Making

Get 10% off for purchases over CU 100 (and modifications), Gift vouchers, Settlement discounts (bonus for early payment or for cash payment), and many others. What do discounts really mean for us, accountants? In most cases, troubles.

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033: How to account for settlement discounts under IFRS 15

Let’s say you sell something for 1 000 on 30-day credit and you offer 3% off if a customer pays within 10 days. Those 3% – or 30 in this case – is a settlement discount. Settlement discounts: IAS 18 vs. IFRS 15

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Revenue recognition Archives - Page 2 of 2 - IFRSbox

Discounts are probably the most popular selling tool in business. Without a doubt, many companies discount the price for their products or services in various forms, for example: Buy 1, get 1 free (and modifications), Get 10% off for purchases over CU 100 (and modifications),…

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How to Account for Customer Incentives under IFRS

Buy one, get one free… Discounts on future purchases… Coupons for free products… Loyalty points… Sounds familiar? Well, if you work in a company that sells some products or services to individuals or general public (not the other businesses), then you probably use some “carrots on the stick” to persuade people to buy.

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IAS 18 Archives - IFRSbox - Making IFRS Easy

Discounts are probably the most popular selling tool in business. Without a doubt, many companies discount the price for their products or services in various forms, for example: Buy 1, get 1 free (and modifications), Get 10% off for purchases over CU 100 (and modifications),…

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IFRS 15 Archives - Page 2 of 2 - IFRSbox - Making IFRS Easy

Discounts are probably the most popular selling tool in business. Without a doubt, many companies discount the price for their products or services in various forms, for example: Buy 1, get 1 free (and modifications), Get 10% off for purchases over CU 100 (and modifications),…

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IFRS 15 Revenue from Contracts with Customers - Summary

Under IFRS 15, can we recognise the full selling price of the service as revenue if it is offered for free e.g. Cr Revenue – $150 and Dr discount/cost of Service – $150 or should no revenue be recognised as it nets off to 0. Appreciate your assistance. Many Thanks

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All about IFRS - IFRSbox - Making IFRS Easy

Lots of IFRS articles, practical examples with journal entries, entertaining IFRS videos, CPD courses and great discussions about practical topics.

Category:  coupon Get Code

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