The document discusses revenue recognition principles under GAAP. It defines revenue as the gross inflow of cash or other consideration from business activities. Revenue recognition is the process of recording revenue in the financial statements. There are different types of revenue recognition transactions including sale of products, rendering of services, permitting use of an asset, and sale of assets other than inventory. The document also discusses revenue measurement, generation of sales and service revenues, classification of expenditures as capital or revenue items, and types of revenue and deferred revenue expenditures.

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

9. CLASSIFICATION OF EXPENDITURE

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