Basic Concepts Of Revenue Recognition - Installment Method

Posted by Ana Orwel on Tuesday, April 21, 2009

There are several basic concepts of revenue recognition and one of them is Installment Method applied to recognize revenue in accounting books of the business.
The essence of this method is that revenue is recognized based on [...]


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Revenue Recognition Rule - Cash Basis

Posted by Ana Orwel on

Cash basis is another allowed revenue recognition rule, where revenue is recognised not at the moment the sale was made, but at the moment the actual payment related to the sale was received.
The advantage of this [...]


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Main Revenue Recognition Principle

Posted by Ana Orwel on

What is the main revenue recognition principle? There might be several recognition principles, which can be applied in revenue accounting, i.e. sales basis, cash basis and installment method.
The main revenue recongnition principle is Sales basis or [...]


Filed Under: Revenue Accounting Comments: Be the First to Comment

Definition Of Accounting Revenue

Posted by Ana Orwel on

With this article covering the definition of accounting revenue I start a series of articles on revenue accounting.
In this article you will learn the concept of accounting revenue and what are it’s main features.
Full story on [...]


Filed Under: Revenue Accounting Comments: Be the First to Comment
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