Friday 19 March 2010

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Revenue Recognition

IASB Meeting Summaries and Observer Notes

 

 

IASB February 2010

16 February 2010

These papers were discussed at the February meeting.

IASB January 2010

18 January 2010

The boards considered the disclosure requirements for the proposed revenue recognition model and tentatively decided:

IASB December 2009

16 December 2009

The boards discussed three topics, warranties and product liability, rights of return and estimates of uncertain consideration.

IASB November 2009

18 November 2009

The boards discussed three topics, licensing contracts, subsequent measurement of performance obligations and contract costs.

IASB September 2009

15 September 2009

The Board discussed the definition of control for determining when goods and services are transferred to a customer and options to acquire additional goods and services.

IASB / FASB July 2008

23 July 2009

The boards considered a summary of the responses to the discussion paper Preliminary Views on Revenue Recognition in Contracts with Customers.

IASB July 2009

22 July 2009

The discussion paper Preliminary Views on Revenue Recognition in Contracts with Customers proposes that revenue recognition should be based on a single asset or liability – an entity’s contract with a customer.

IASB June 2009

The Board discussed:

IASB May 2009

19 May 2009

The Board discussed how an entity should account for:

IASB March 2009

17 March 2009

In the discussion paper Preliminary Views on Revenue Recognition in Contracts with Customers, the Board and the FASB propose a revenue recognition model based on increases in an entity’s net contract position.