I need to compare GAAP’s and IFRS way of dealing with gift cards, rebate, and loyalty programs. The main idea is that a store is giving out gift cards for customers who spend a certain amount. The first would be a gift card and how it will be accounted for in accounting. The second would be rebate, which i know is one of the wrong ways but, I’m required to list all possible ways on how to deal with such situations. The rebate is practically just a way of how a company gives a discount when the revenue is recognized. The third and recommended way would be to treat it as a loyalty program where customers are rewarded if certain conditions are satisfied.
Right now i’m only focused on finding out IFRS’ way of how do deal with all 3. There are no right or wrong answers but only ideas as to how it will be dealt.
If it is too much work then please list only what you know and if possible just cite some credible sources as to where you found it. A reliable source would be from FASB.
Thank you in advance.

The title of this book can be a little misleading because ostensibly this is just a book about how to deal with complaints. And while complaints are talked about on just about every single page, this book is really about a much more important and broader topic: delivering great service. Everyone knows that great service is important, yet very few companies deliver it well. Why is that? The concept of great service is a simple enough concept, but in practice it’s actually a very (more…)

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The first edition of A Complaint is a Gift introduced the revolutionary notion that customer complaints are not annoyances to be dodged, denied or buried, but are instead valuable pieces of feedback that can be used to improve an organization’s products and services. This new edition has been thoroughly revised and updated. There are two brand new chapters on the Internet, a new section entitled Handling Complaints Directed at You and another new section that turns … More >>

A Complaint Is a Gift: Recovering Customer Loyalty When Things Go Wrong