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Meeting with REHDA on IASB ED on Revenue from Contracts with Customers

7 September 2010

Meeting with REHDA on IASB ED on Revenue from Contracts with Customers

The Secretariat held a meeting with REHDA in conjunction with the issuance of the ED on Revenue from Contracts with Customers by the IASB. The objective of the meeting was to seek views from REHDA in respect of that new ED. During that meeting, REHDA was of the opinion that the ED was clear in the accounting treatment of transactions in relation to the real estate industry.

It was also noted that further clarifications were to be sought from the IASB with regards to certain terms and requirements of the ED.