The revenue recognition principle is a cornerstone of accrual accounting together with matching principle. They both determine the accounting period, in which revenues and expenses are recognized. According to the principle, revenues are recognized when they are realized or realizable, and are earned (usually when goods are transferred or services...
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http://en.wikipedia.org/wiki/Revenue_recognition
The choice of which inflows a company should consider to be part of its sales...
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- Method of determining whether or not income has met the conditions of being earned and realized or is realizable.
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https://www.encyclo.co.uk/local/21071
No exact match found.
