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 ...

Service revenue is reported on the income statement under operating revenues, reflecting earnings from core business ...

Unearned revenue is a liability because it represents a company’s obligation to deliver goods or services in the future.

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