New guidance on IFRIC 13

Accounting for customer loyalty programmes


Customer loyalty programmes have grown more widespread in recent years and are now being offered with all types of product and service purchases. Up until now there has been little guidance on accounting for these programmes. IFRIC 13 Customer Loyalty Programmes has recently been issued by the International Financial Reporting Interpretation Committee. IFRS preparers may need to make substantial changes to their accounting policy for these schemes.

This publication, which is written primarily with retail and consumer companies in mind, will help clarify the impact of the interpretation, paving the way for a smooth transition.