Revenue TKL收入 TKL.pptVIP

Accounting for Revenue3 June 2011 by Manchi and James HKAS 18 Revenue HK(IFRIC) 15 Agreements for the Construction of Real Estate 物業建築協議 HKAS 20 Accounting for Government Grants and Disclosure of Government Assistance 政府補助的會計處理及政府資助的披露 HK(IFRIC) 13 Customer Loyalty Programmes 客戶維繫計劃 including Improvements to HKFRS 2010 related to IFRIC 13 (by Manchi Kong) HKAS 18 Revenue Scope of HKAS 18 1. Revenue from sale of goods 2. Revenue from services rendered 3. Revenue from use of entity’s other assets (interest, dividend, royalties) Exclusion from HKAS 18 Lease agreement (HKAS17 Leases) “Lease income from/expense under operating leases shall be recognised in income on a straight-line basis over the lease term……” dividend arising from investments which are accounted for under the equity method (HKAS28 Investments in Associates) – share of profits insurance contracts (HKFRS4 Insurance Contracts) changes in the fair value of financial assets and financial liabilities or their disposal (HKAS39 Financial Instruments: Recognition and Measurement) changes in the value of the other current assets initial recognition and changes in the fair value of biological assets related to agricultural activity (HKAS41 Agriculture) initial recognition of agricultural produce (HKAS41 Agriculture) the extraction of mineral ores Definition of Revenue Gross inflow of economic benefits during the period arising in the course of the ordinary activities of an entity when those inflows results in increases in equity. Exclude contributions from equity participants, eg.consideration on allotment of company shares. Exclude amounts which do not result in increases in equity, eg. sales taxes collected on behalf of government. Gross Inflow Trade/early settlement discount: The amount of revenue recognised for a transaction is net of any trade discounts or volume rebates given, since those discounts and rebates are not received as consideration by the seller. Early settlement discou