IFRS reports & accounts - Revenue recognition

Extensive disclosures on policy for the recognition of revenue are provided by conditional access software systems supplier NDS Group within its accounting policies note. These disclosures include the basis from which it derives its revenue, information on each of its revenue streams and in each case, the company addresses the point at which revenue is recognised. These disclosures follow along the lines of

IAS 18, Revenue, which states that a company should disclose the accounting policies adopted for revenue recognition including the methods adopted to determine the stage of completion of transactions involving the rendering of services.
Be the first to vote

Rate this article

Related Articles