ifric13 - IFRIC 13 IFRIC Interpretation 13 Customer Loyalty...

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IFRIC 13 © IASCF A1063 IFRIC Interpretation 13 Customer Loyalty Programmes IFRIC 13 Customer Loyalty Programmes was developed by the International Financial Reporting Interpretations Committee and issued by the International Accounting Standards Board in June 2007. The following Interpretation refers to IFRIC 13: •I F R I C 1 5 Agreements for the Construction of Real Estate (issued July 2008).
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IFRIC 13 A1064 © IASCF C ONTENTS paragraphs IFRIC INTERPRETATION 13 CUSTOMER LOYALTY PROGRAMMES REFERENCES BACKGROUND 1–2 SCOPE 3 ISSUES 4 CONSENSUS 5–9 EFFECTIVE DATE AND TRANSITION 10–11 APPENDIX Application guidance ILLUSTRATIVE EXAMPLES BASIS FOR CONCLUSIONS FOR THE ACCOMPANYING DOCUMENTS LISTED BELOW, SEE PART B OF THIS EDITION
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IFRIC 13 © IASCF A1065 IFRIC Interpretation 13 Customer Loyalty Programmes (IFRIC 13) is set out in paragraphs 1–11 and the Appendix. IFRIC 13 is accompanied by illustrative examples and a Basis for Conclusions. The scope and authority of Interpretations are set out in paragraphs 2 and 7–17 of the Preface to International Financial Reporting Standards .
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IFRIC 13 A1066 © IASCF IFRIC Interpretation 13 Customer Loyalty Programmes References •I A S 8 Accounting Policies, Changes in Accounting Estimates and Errors A S 1 8 Revenue A S 3 7 Provisions, Contingent Liabilities and Contingent Assets Background 1 Customer loyalty programmes are used by entities to provide customers with incentives to buy their goods or services. If a customer buys goods or services, the entity grants the customer award credits (often described as ‘points’). The customer can redeem the award credits for awards such as free or discounted goods or services. 2 The programmes operate in a variety of ways. Customers may be required to accumulate a specified minimum number or value of award credits before they are able to redeem them. Award credits may be linked to individual purchases or groups of purchases, or to continued custom over a specified period. The entity may operate the customer loyalty programme itself or participate in a programme operated by a third party.
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ifric13 - IFRIC 13 IFRIC Interpretation 13 Customer Loyalty...

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