The following general ledger/commitment items are used to record revenue as category 2 and 3 of the Statement of Financial Activity (SoFA) report. The categories are outlined alphabetically. Each ...

Since basic fund accounting is driven by the need to classify resources, this chapter also covers revenue accounting. Generally accepted accounting principles (GAAP) is a technical accounting term ...

Another major issue in revenue accounting is when to recognize or record the revenue. A common practice is to record the revenue when we receive payment (cash) from the customer. This is referred to ...

Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged. The term "accrual" refers to any individual entry recording revenue or expense in ...

Thomson Reuters on Thursday forecast a pickup in underlying revenue growth over this year and next as it continues to invest ...