Revenue recognition ppt
- 1. PRESENTED BY: DINESH(10) AS 9 : REVENUE RECOGNITION
- 2. Revenue Recognition Is An Accounting Principle Under Generally Accepted Accounting Principles (GAAP) REVENUE Is The Gross Inflow Of Cash, Receivables Or Other Consideration Arising In The Activities Of An Enterprise Recognition Is The Process Of --> Recording An Item In The Financial Statements. REVENUE RECOGNITION
- 3. REVENUE ARE RECOGNIZED WHEN THEY ARE : PRINCIPLES
- 4. SALE OF PRODUCT RENDERING SERVICE PERMITTING USE OF AN ASSET SALE OF ASSET OTHER THAN INVENTORY TYPES OF REVENUE RECOGNITION TRANSACTIONS
- 5. REVENUE MEASUREMENT CONSIDERATION IN THE FORM OF CASH CONSIDERATION IN THE FORM OF OTHER THAN CASH BARTER TRANSACTION
- 6. GENERATION OF SALES REVENUES
- 7. GENERATION OF SERVICES REVENUES
- 8. CAPITAL AND REVENUE ITEMS TO DETERMINE WHICH ITEMS APPEAR ITEMSWHICH FINANCIAL STATEMENT. Revenue items - Profit And Loss Account Capital Items - Balance Sheet
- 10. Purchase, Receipt Or Erection Of A Fixed Asset Improvement In Efficiency Of Fixed Asset. Obtaining Necessary Permission To Carry On Business. Legal Expenses
- 11. REVENUE EXPENDITURE Revenue Expenditure Is An Expenditure Incurred On Fixed Assets In Connection With Their ‘Maintenance’ Which Are: Purchase of raw material & goods Maintaining of fixed asset. Depreciation of fixed assets. Day to day business activities.
- 12. Deferred revenue expenditure Expenditure Partly Or Wholly Paid In Advance Abnormal Losses Development Expenditure Production Costs