IFRS Income Statement Template is an example income statement prepared under IFRS reporting guidelines and hence it would make sense to discuss more about the revenue recognition policies used under IFRS. As you already may know revenue can basically arise from selling goods or rendering services. Gains (I would not call it “revenue”) can be earned from dividends, interests etc. While the policies surrounding different types of revenues are varying and fairly detailed in IFRS, we’ll bring you the highlights and basic rules.

Read the rest of this entry