IAS 18 Revenue*

Superseded by IFRS 15 Revenue.

IAS 18 Revenue* addresses when to recognize and how to measure revenue. Revenue is the gross inflow of economic benefits during the period arising from the course of the ordinary activities of an entity when those inflows result in increases in equity, other than increases relating to contributions from equity participants. IAS 18 Revenue* applies to accounting for revenue arising from the following transactions and events:

  • The sale of goods;
  • The rendering of services; and
  • The use by others of entity assets yielding interest, royalties and dividends.

Revenue is recognized when it is probable that future economic benefits will flow to the entity and those benefits can be measured reliably. IAS 18 Revenue* identifies the circumstances in which those criteria will be met and, therefore, revenue will be recognized. It also provides practical guidance on the application of the criteria. Revenue is measured at the fair value of the consideration received or receivable.

IAS 18 Revenue* is Copyright: IFRS Foundation Discuss Contract Custom Solution

* Superseded by IFRS 15 Revenue.


IFRSInternational Financial Reporting Standards0IFRS
IAS18IAS 18 Revenue*1IAS18


IFRS15IFRS 15 RevenueIFRS15
IAS 18 Revenue* International Financial Reporting Standards 10018 1 IAS, IFRS, Standard, Financial, Accounting IAS 18 addresses when to recognize and how to measure revenue