International GAAP 2021

Chapter 32Revenue: presentation and disclosure

• 1 INTRODUCTION
• 2 PRESENTATION
  • 2.1 Presentation requirements for contract assets and contract liabilities
    • 2.1.1 Distinction between contract assets and receivables
    • 2.1.2 Current versus non-current
    • 2.1.3 Impairment of contract assets
    • 2.1.4 Derecognition of contract assets
    • 2.1.5 Initial measurement of receivables
    • 2.1.6 Application questions on presentation of contract assets and liabilities
      • 2.1.6.A Determining the presentation of contract assets and liabilities for contracts that contain multiple performance obligations
      • 2.1.6.B Determining the presentation of two or more contracts that are required to be combined under the standards
      • 2.1.6.C Offsetting contract assets and liabilities against other statement of financial position items (e.g. accounts receivable)
      • 2.1.6.D Is a refund liability a contract liability (and, thus, subject to the presentation and disclosure requirements of a contract liability)?
      • 2.1.6.E Accounting for a contract asset that exists when a contract is modified if the modification is treated as the termination of an existing contract and the creation of a new contract
      • 2.1.6.F Determining when an entity has an unconditional right to payment if it has not transferred a good or service
  • 2.2 Presentation requirements for revenue from contracts with customers
    • 2.2.1 Presentation of income outside the scope of IFRS 15
  • 2.3 Other presentation considerations
    • 2.3.1 Classifying shipping and handling costs in the ...