Revenue income
Revenue income is an informal term for recurring income arising in ordinary activities; the nature of the activity determines its classification. For a business whose ordinary activity is providing loans, interest may be revenue; for another entity, interest from an investment may instead be described as investment income. Examine the entity's activities and the applicable presentation requirements before selecting a label.
Worked example
Rent is revenue for a landlord whose ordinary business is letting property.
Common mistake
A gain on disposal of a non-current asset is not automatically revenue. Prefer the precise terms revenue, other income or gain.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | FA | Supporting | September 2026–June 2027 |
| ACCA | K1 | Supporting | July 2027–August 2028 |
| FIA | FFA | Supporting | September 2026–June 2027 |
