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IFRS 15 for the retail industry – Customer incentives

Example – Discount coupons off the next purchase . A Customer purchases $100 worth of goods from Retailer D on 29 June 2018 and they receive a coupon for a 50% discount off their next purchase to the value of $25. The coupon …

Actived: 5 days ago

URL: https://www.bdo.com.au/en-au/insights/retail/articles/ifrs-15-for-the-retail-industry-customer-incentives

ATTENTION DIRECTORS – ASX IN THIS CORPORATE …

coupons will result in a portion of the revenue being deferred. The effective date of this standard is annual reporting periods beginning on or after 1 January 2017. Example Retailer Y&Z has a 30 June year end and on 20 June 2018 launched its 10 day end of financial year sale. On 29 June 2018, a customer purchases a washing machine for $1,000.

Category: coupon codes Go Coupon