SIC-31 Revenue—Barter Transactions Involving Advertising Services

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Superseded by IFRS 15 Revenue from Contracts with Customers.

SIC-31 specifies the circumstances in which a seller that provides advertising services can reliably measure revenue at the fair value of those advertising services in a barter transaction.

Standard history

In December 2001 the International Accounting Standards Board issued SIC-31 Revenue—Barter Transactions Involving Advertising Services, which had originally been developed by the Standing Interpretations Committee of the International Accounting Standards Committee. 

Other Standards have made minor consequential amendments to SIC-31, including IFRS 13 Fair Value Measurement (issued May 2011).

SIC-31 was superseded by IFRS 15 Revenue from Contracts with Customers.

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