Learn the critical differences between revenue and income, their impact on financial health, and how understanding each can ...

Now that the various classifications of revenue have been defined, it is important to identify what is revenue. Identifying what qualifies as revenue is critical not only from an accounting and ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Understanding how fast a company is growing is a critical component of any stock analysis. Selling a product or service is the most fundamental factor in the success of any business, and revenue ...

Take an in-depth look at the treatment of revenues and expenses within the accrual method of accounting and learn why many ...

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 ...

The IRS has issued new guidance on automatic accounting method changes. Revenue Procedure 2009-39 provides certain additions, modifications and clarifications to Revenue Procedures 2008-52 and 97-27 ...

The Financial Accounting Standards Board released an accounting standards update Thursday, with guidance on accounting for revenue contracts with customers acquired in a business combination. The ...

Restaurant accounting has specific needs and features. Here's a look at restaurant accounting methods and expenses, how tips ...