SIC31 BV2009 - SIC-31 SIC Interpretation 31 Revenue-Barter...

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SIC-31 SIC Interpretation 31 Revenue—Barter Transactions Involving Advertising Services This version includes amendments resulting from IFRSs issued up to 31 December 2008. SIC-31 Revenue—Barter Transactions Involving Advertising Services was developed by the Standing Interpretations Committee and issued in December 2001. Since then, SIC-31 has been amended by IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors (issued December 2003). © IASCF 1
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SIC-31 SIC Interpretation 31 Revenue—Barter Transactions Involving Advertising Services (SIC-31) is set out in paragraph 5. SIC-31 is accompanied by 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 . 2 © IASCF
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SIC-31 SIC Interpretation 31 Revenue—Barter Transactions Involving Advertising Services References IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors IAS 18 Revenue Issue 1 An entity (Seller) may enter into a barter transaction to provide advertising services in exchange for receiving advertising services from its customer (Customer). Advertisements may be displayed on the Internet or poster sites, broadcast on the television or radio, published in magazines or journals, or presented in another medium. 2 In some cases, no cash or other consideration is exchanged between the entities. In some other cases, equal or approximately equal amounts of cash or other consideration are also exchanged. 3
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SIC31 BV2009 - SIC-31 SIC Interpretation 31 Revenue-Barter...

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