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The accounting treatment of credit card rewards programmes : a South African perspective (part I)

dc.contributor.authorBrink, Sophia M.en_ZA
dc.date.accessioned2018-07-18T08:44:05Z
dc.date.available2018-07-18T08:44:05Z
dc.date.issued2017-04
dc.identifier.citationBrink, S M. 2017. The accounting treatment of credit card rewards programmes: a South African perspective part I. Journal of Economic and Financial Sciences, 10(1):107-124, doi:10.4102/jef.v10i1.8.en_ZA
dc.identifier.issn2312-2803 (online)
dc.identifier.issn1995-7076 (print)
dc.identifier.otherdoi:10.4102/jef.v10i1.8
dc.identifier.urihttp://hdl.handle.net/10019.1/104163
dc.descriptionCITATION: Brink, S M. 2017. The accounting treatment of credit card rewards programmes: a South African perspective part I. Journal of Economic and Financial Sciences, 10(1):107-124, doi:10.4102/jef.v10i1.8.
dc.descriptionThe original publication is available at https://jefjournal.org.za
dc.description.abstractCredit card rewards programmes are a common phenomenon in the South African market. On 1 July 2007 the International Accounting Standards Board (IASB) issued IFRIC 13 Customer Loyalty Programmes to give specific guidance to suppliers on the accounting treatment of customer loyalty programme transactions. Although credit card rewards programmes are specifically included in the scope of this Interpretation, in practice not all credit card rewards programmes currently account for award credits under the revenue deferral model (IFRIC 13). During May 2014 the IASB and the United States Financial Accounting Standards Board (FASB) published IFRS 15 Revenue from Contracts with Customers intended to replace six existing Standards and Interpretations, including IFRIC 13. Currently there is uncertainty whether or not a credit card rewards programme transaction falls within the scope of IFRS 15. Despite concerns raised the Boards decided against providing any additional guidance to credit card rewards programmes and indicated that they leave it up to management.en_ZA
dc.description.urihttps://jefjournal.org.za/index.php/jef/article/view/8
dc.format.extent18 pages ; illustrations
dc.language.isoen
dc.publisherAOSISen_ZA
dc.subjectCustomer loyalty programs -- South Africaen_ZA
dc.subjectCredit cards -- South Africaen_ZA
dc.subjectIFRIC 13en_ZA
dc.subjectIFRS 15en_ZA
dc.titleThe accounting treatment of credit card rewards programmes : a South African perspective (part I)en_ZA
dc.typeArticleen_ZA
dc.description.versionPublisher's versionen_ZA
dc.rights.holderAuthor retains copyright


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