How to recognize revenue on shipment generation based on IFRS accounting standard?

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Hi,

Does anybody have experience or is working in the US to help understanding how to setup IFRS accounting standards for Intercompany setup with the US and Europe?

We understand from IFRS that revenue should be taken once the goods are shipped. Does this mean on the packing slip or that the invoice should be done instantly?

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André Arnaud de Cal... 301,134 Super User 2025 Season 2 on at

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HI Ulti,

This means that you need to do this on the packing slip posting. Procedural it can be solved by directly posting the invoice, but I don't know if this is really allowed then.

You can also setup to post deferred revenue at delivery on the Item model group. In addition you need to setup ledger accounts on the Invent posting to have the sales value posted as revenue with a suspension account as offset. During invoicing this will be reversed.

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