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The accounting treatment of single-company client loyalty programme transactions

dc.contributor.authorBrink, Sophia M.en_ZA
dc.date.accessioned2018-07-18T08:29:40Z
dc.date.available2018-07-18T08:29:40Z
dc.date.issued2013-10
dc.identifier.citationBrink, S. M. 2013. The accounting treatment of single-company client loyalty programme transactions. Journal of Economic and Financial Sciences 2013, 6(3):795-814.en_ZA
dc.identifier.issn2312-2803 (online)
dc.identifier.issn1995-7076 (print)
dc.identifier.urihttp://hdl.handle.net/10019.1/104157
dc.descriptionCITATION: Brink, S. M. 2013. The accounting treatment of single-company client loyalty programme transactions. Journal of Economic and Financial Sciences 2013, 6(3):795-814.
dc.descriptionThe original publication is available at https://jefjournal.org.za
dc.description.abstractClient loyalty programmes have been prevalent in South Africa since the 1980s, but the popularity of these programmes has increased drastically over the past few years, with more than 100 suppliers in South Africa currently making use of them. On 1 July 2007 the IASB issued IFRIC 13 to give specific guidance to suppliers on the accounting treatment of client loyalty programme transactions. The IASB is currently compiling a new revenue standard. This single new revenue standard will replace six existing standards or interpretations, including IFRIC 13. A critical analysis of IFRIC 13 will assist the development of this new revenue standard. The main objective of the research was therefore to determine whether the guidance in IFRIC 13 regarding the accounting treatment of a single-company client loyalty programme transaction is consistent with other accounting standards and recent developments. The accounting treatment of each component of a client loyalty programme transaction with a change in estimate was considered. It was found that inconsistencies exist in the initial measurement of the fair value and how a change in accounting estimate is recognised.en_ZA
dc.description.urihttp://hdl.handle.net.ez.sun.ac.za/10520/EJC145344en_ZA
dc.format.extent20 pages
dc.language.isoen
dc.publisherAOSISen_ZA
dc.subjectCustomer loyalty programs -- South Africaen_ZA
dc.subjectIFRIC 13en_ZA
dc.subjectRevenue -- Accountingen_ZA
dc.titleThe accounting treatment of single-company client loyalty programme transactionsen_ZA
dc.typeArticleen_ZA
dc.description.versionPublisher's versionen_ZA
dc.rights.holderAuthor retains copyright


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