Accounting Standards 11
Exposure Draft
Accounting Standard (AS) 9 (Revised 20XX) (Corresponding to IAS 18) Revenue
(Last date for Comments: June 07, 2010)
Issued by Accounting Standards Board The Institute of Chartered Accountants of India
2
Exposure Draft Accounting Standard 9 (Revised 20XX) (Corresponding to IAS 18) Revenue Contents
Objective Scope Definitions Measurement of revenue Identification of the transaction Sale of goods Rendering of services Interest, royalties and dividends Disclosure Effective date
1–6 7–8 9–12 13 14–19 20–28 29–34 35–36 37–39
Paragraphs
Appendices A Revenue—Barter Transactions Involving Advertising Services (Corresponding to SIC 31) Customer Loyalty Programmes (Corresponding to IFRIC 13) Agreements for the Construction of Real Estate (Corresponding to IFRIC 15) Transfers of Assets from Customers (Corresponding to IFRIC 18)
B C D
3
E
References to matters contained in other Accounting Standards
F
Illustrative examples
Sale of goods Rendering of services Interest, royalties and dividends Recognition and measurement
G H
Comparison with IAS 18, Revenue Major differences between the Exposure Draft of AS 9 (Revised 20XX), Revenue, and the existing AS 9 (Issued 1985)
4
INVITATION TO COMMENT
The Accounting Standards Board of the Institute of Chartered Accountants of India invites comments on any aspect of this Exposure Draft of the Accounting Standard (AS) 9 (Revised 20XX), Revenue. The Board would particularly welcome answers to the questions set out below. Comments are most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording. Comments should be submitted in writing to the Secretary, Accounting Standards Board. The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi – 110 002, so as to be received not later June 07, 2010.
Accounting Standard (AS) 9 (Revised 20XX) (Corresponding to IAS 18) Revenue
(Last date for Comments: June 07, 2010)
Issued by Accounting Standards Board The Institute of Chartered Accountants of India
2
Exposure Draft Accounting Standard 9 (Revised 20XX) (Corresponding to IAS 18) Revenue Contents
Objective Scope Definitions Measurement of revenue Identification of the transaction Sale of goods Rendering of services Interest, royalties and dividends Disclosure Effective date
1–6 7–8 9–12 13 14–19 20–28 29–34 35–36 37–39
Paragraphs
Appendices A Revenue—Barter Transactions Involving Advertising Services (Corresponding to SIC 31) Customer Loyalty Programmes (Corresponding to IFRIC 13) Agreements for the Construction of Real Estate (Corresponding to IFRIC 15) Transfers of Assets from Customers (Corresponding to IFRIC 18)
B C D
3
E
References to matters contained in other Accounting Standards
F
Illustrative examples
Sale of goods Rendering of services Interest, royalties and dividends Recognition and measurement
G H
Comparison with IAS 18, Revenue Major differences between the Exposure Draft of AS 9 (Revised 20XX), Revenue, and the existing AS 9 (Issued 1985)
4
INVITATION TO COMMENT
The Accounting Standards Board of the Institute of Chartered Accountants of India invites comments on any aspect of this Exposure Draft of the Accounting Standard (AS) 9 (Revised 20XX), Revenue. The Board would particularly welcome answers to the questions set out below. Comments are most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording. Comments should be submitted in writing to the Secretary, Accounting Standards Board. The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi – 110 002, so as to be received not later June 07, 2010.