Revenue recognition: Difference between revisions
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* [[Annual recurring revenue]] | * [[Annual recurring revenue]] | ||
* [[Chief Revenue Officer]] | * [[Chief Revenue Officer]] | ||
* [[Deferred income]] | |||
* [[Financial reporting]] | * [[Financial reporting]] | ||
* [[Generally accepted accounting principles]] | * [[Generally accepted accounting principles]] | ||
Latest revision as of 14:48, 26 July 2024
1. Financial reporting.
The identification of - and accounting for - an amount received or receivable as an item of revenue for the reporting entity, following relevant financial reporting standards, for example IFRS 15.
2. Financial reporting - principles - accounting policies.
The financial reporting principles and policies that a reporting entity applies to determine the accounting treatment for relevant amounts received or receivable.
In particular whether - and in what accounting period - to treat them as revenue.
