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IFRS for SME’s: Recognition of revenue from the sale of goods

IFRS for SME’s: Recognition of revenue from the sale of goods

It is generally accepted that sales transactions of goods result in revenue at the time the transaction takes place. However, in terms of IFRS for SMEs, a sales transaction may only be recorded as revenue for accounting purposes when certain requirements are met and at a value determined according to the guidelines as set outRead more about IFRS for SME’s: Recognition of revenue from the sale of goods[…]