IFRS News June-July 2020
05/08/20
IFRS News | How should a received transfer payment be recognised?
Does a football club have to recognise a received transfer payment for transferring a player to another club, gross as revenue or net as part of the gain or loss arising from the derecognition of an intangible asset? In IFRS News you can read why the IFRS IC deemed paragraph 113 of IAS 38 ‘Intangible assets’ applicable. Furthermore, a look into the amendments made to IFRS 17 ‘Insurance Contracts’ and FAQ on Covid-19.
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