4.5 AGGREGATIONS AND SUBTOTALS
4.5.1 Gross, Net Sales, and Other Revenues
44% in 2009, 46% in 2005, and 50% in 2002 of the survey U.S. GAAP companies used the term “net sales” alone or in combination with other terms; 43%, 38%, and 33%, respectively, “revenues”; and approximately 13%, 16%, and 17%, respectively, “sales” alone or in combination with other terms. Approximately 2–4% combined operating revenues in the same caption of net sales or sales.109
22.214.171.124 Minimum Line Items
IAS 1 lists revenue as part of the minimum content to display in the statement of comprehensive income.110 On one hand, IAS 18 defines revenue in terms of gross inflows of economic benefits.111 On the other hand, it measures revenue based on fair value of consideration received or receivable after deducting items, such as trade discounts and volume rebates.112
126.96.36.199 Presentation of Discounts, Allowances, and Returns
Some IFRSs nonauthorative literature provides some guidance ...