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Revenue

This topic has 3 replies, 3 voices, and was last updated 11 years ago by MikeLittle.

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August 6, 2013 at 11:20 am #135163
qriga
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- Topics: 1
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Explain what the primary issue is in accounting for revenue?
August 6, 2013 at 3:03 pm #135183
MikeLittle
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To make sure that all relevant revenue related to the period is included?
Did I get it right?
August 6, 2013 at 3:18 pm #135187
Jinhua
Member
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- Replies: 14
When to recognise revenue in the accounts. Different industries will have different rules regarding when you can recognise revenue but one of the general rules is when the rights and obligations has been significantly transferred.
August 6, 2013 at 4:52 pm #135191
MikeLittle
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Ah! Was that what the question was referring to?
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