Title
Customer Loyalty Programmes: IFRIC13 and the Ambiguities of Revenue Recognition
Document Type
Conference Paper
Publication Date
2008
Abstract
From 1 July 2008 IFRIC 13 becomes mandatory in Australia, requiring a standardised deferred revenue treatment to account for a plethora of Customer Loyalty Programmes (CLP). This paper highlights the diverse views of appropriate classification, and the ambiguities faced by those accounting for CLP. A text based analysis of documents pertaining to IFRIC 13 shows the International Financial Reporting Interpretations Committee (IFRIC) to be committed to a principles based approach in making its interpretation. While IFRIC members were responsive to the concerns of interested parties, they were not subservient to the ensuing lobbying process.
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Publication Details
This conference paper was originally published as Chapple, S, Moerman, L & Rudkin, K, Customer Loyalty Programmes: IFRIC13 and the Ambiguities of Revenue Recognition, AFAANZ/IAAER Conference 2008, Sydney, 6-8 July 2008. Original conference information available here