Revenue recognition

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.

See also

• Accounting policies
• Accrued income
• Annual recurring revenue
• Chief Revenue Officer
• Deferred income
• Financial reporting
• Generally accepted accounting principles
• IFRS 15
• Incremental revenue
• Realisation
• Recognition
• Revenue
• Revenue expenditure
• Sales
• Turnover
• Unearned revenue