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Revenue recognition for advertising companies is at the pt of 1st publicatn(IAS18). For billboard space rental?capitalized or recognized as lump sum?

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Question added by Deleted user
Date Posted: 2015/06/14
Haris Junaid
by Haris Junaid , Senior Consultant , KPMG Lower Gulf

Revenue earned from billboard is to recognized over the period of rental proportionately rather than recognizing it upfront.

ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

International Accounting Standard No. (17)LeasesThe accounting treatment for operating lease contractsIn the books of the lessor Lease income is recognized in the income statement on a straight-line basis• The recognition of the consumption of the asset subject to the lease on what that money