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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › amortization
sir, what is the deference between net revenue and only revenue terms in case which we are doing amortization, is net revenue means gross profit?
Revenue is total sales.
Net revenue is not a term that is used in Paper FA (F3) but generally would refer to the net profit.
Amortisation is another word for depreciation, but is used often when we are depreciating land and buildings or non-tangible assets.
I do suggest that you watch my free lectures on this.
The lectures are a complete free course for Paper FA (F3) and cover everything needed to be able to pass the exam well.