SlideShare a Scribd company logo

Revenue Recognition Principle | Accounting

•Download as PPTX, PDF•
•
Transweb Global Inc
Transweb Global Inc

In accounting, income or profit means excess of revenue over expenses. The revenue recognition principle is related to revenues only and not to the expenses. Copy the link given below and paste it in new browser window to get more information on Revenue Recognition Principle:- http://www.transtutors.com/homework-help/accounting/basic-principles-revenue-recognition/

Education
1 of 10
ACCOUNTING PRINCIPLES Accounting principles can be subdivided into two categories:  Accounting Concepts; and  Accounting Conventions.
ACCOUNTING PRINCIPLES Accounting Concepts The term ‘concept’ is used to connote accounting postulates, that is necessary assumptions and conditions upon which accounting is based.
• Business Entity Concept • Money Measurement Concept • Cost Concept • Going Concern Concept • Dual Aspect Concept • Realization Concept • Accounting Period Concept Accounting Concepts
ACCOUNTING CONVENTIONS • Convention of Consistency • Convention of Disclosure • Convention of Conservation
This was just a summary on Revenue Recognition Principle. For more detailed information on this topic, please type the link given below or copy it from the description of this PPT and open it in a new browser window. Hey Friend, www.transtutors.com/homework-help/accounting/basic-principles-revenue-recognition/

Recommended

Objectivity Principle | Accounting
Objectivity Principle | AccountingObjectivity Principle | Accounting
Objectivity Principle | AccountingTransweb Global Inc
 
Periodicity Assumption | Accounting
Periodicity Assumption | AccountingPeriodicity Assumption | Accounting
Periodicity Assumption | AccountingTransweb Global Inc
 
Money Measurement Concept | Accounting
Money Measurement Concept | AccountingMoney Measurement Concept | Accounting
Money Measurement Concept | AccountingTransweb Global Inc
 
Accoutning concepts, principles and conventions
Accoutning concepts, principles and conventionsAccoutning concepts, principles and conventions
Accoutning concepts, principles and conventionsgherryta
 
Dual Aspect Concept | Accounting
Dual Aspect Concept | AccountingDual Aspect Concept | Accounting
Dual Aspect Concept | AccountingTransweb Global Inc
 
Gaap
GaapGaap
Gaaprahul kapoliya
 
Accounting assumptions
Accounting assumptionsAccounting assumptions
Accounting assumptionsFaHaD .H. NooR
 
GAAP principles
GAAP principlesGAAP principles
GAAP principlesMbongiseni Ceza
 

Recommended

Objectivity Principle | Accounting
Objectivity Principle | AccountingObjectivity Principle | Accounting
Objectivity Principle | AccountingTransweb Global Inc
 
Periodicity Assumption | Accounting
Periodicity Assumption | AccountingPeriodicity Assumption | Accounting
Periodicity Assumption | AccountingTransweb Global Inc
 
Money Measurement Concept | Accounting
Money Measurement Concept | AccountingMoney Measurement Concept | Accounting
Money Measurement Concept | AccountingTransweb Global Inc
 
Accoutning concepts, principles and conventions
Accoutning concepts, principles and conventionsAccoutning concepts, principles and conventions
Accoutning concepts, principles and conventionsgherryta
 
Dual Aspect Concept | Accounting
Dual Aspect Concept | AccountingDual Aspect Concept | Accounting
Dual Aspect Concept | AccountingTransweb Global Inc
 
Gaap
GaapGaap
Gaaprahul kapoliya
 
Accounting assumptions
Accounting assumptionsAccounting assumptions
Accounting assumptionsFaHaD .H. NooR
 
GAAP principles
GAAP principlesGAAP principles
GAAP principlesMbongiseni Ceza
 
Accounting assumptions
Accounting assumptionsAccounting assumptions
Accounting assumptionsCollege
 
GAAP & Accrual Accounting
GAAP & Accrual Accounting GAAP & Accrual Accounting
GAAP & Accrual Accounting Violeta A. Mercado,MBA
 
Principles of accounting
Principles of accountingPrinciples of accounting
Principles of accountingTrinity Dwarka
 
GAAP analysis
GAAP analysisGAAP analysis
GAAP analysisAbhinav Yadav
 
Accounts
AccountsAccounts
AccountsArun Nair
 
Generally Accepted Accounting Principles
Generally Accepted Accounting PrinciplesGenerally Accepted Accounting Principles
Generally Accepted Accounting PrinciplesOntario eSchool
 
Accounting principles
Accounting principlesAccounting principles
Accounting principlesSurbakty
 
Accounting concepts and conventions
Accounting concepts and conventionsAccounting concepts and conventions
Accounting concepts and conventionsambar250885
 
Accounting principles and concepts
Accounting principles and conceptsAccounting principles and concepts
Accounting principles and conceptsksssssmb
 
Accounting principle & concept by sarmad baloch
Accounting principle & concept by sarmad balochAccounting principle & concept by sarmad baloch
Accounting principle & concept by sarmad balochSarmad Baloch
 
GAAP Accounting (Generally accepted accounting principles)
GAAP Accounting (Generally accepted accounting principles)GAAP Accounting (Generally accepted accounting principles)
GAAP Accounting (Generally accepted accounting principles)Faizan Rasool
 
Accounting basis 2
Accounting basis 2Accounting basis 2
Accounting basis 2Ggundegee
 
Accounting conventions ppt @ mba finance
Accounting conventions ppt @ mba financeAccounting conventions ppt @ mba finance
Accounting conventions ppt @ mba financeBabasab Patil
 
Accounting principles , conventions and concepts
Accounting principles , conventions and conceptsAccounting principles , conventions and concepts
Accounting principles , conventions and conceptsSanjeet Yadav
 
Accounting concepts and conventions
Accounting concepts and conventions Accounting concepts and conventions
Accounting concepts and conventions Srinivas Methuku
 
Accounting
AccountingAccounting
AccountingFaizaZulfiqar2
 
GAAP (Generally Accepted Accounting Principles)
GAAP (Generally Accepted Accounting Principles)GAAP (Generally Accepted Accounting Principles)
GAAP (Generally Accepted Accounting Principles)Syed Behroz Ali Rizvi
 
4 acounting principle
4 acounting principle4 acounting principle
4 acounting principleDr.R. SELVAM
 
Accounting; gaap principles
Accounting; gaap principlesAccounting; gaap principles
Accounting; gaap principlesMbongiseni Ceza
 
Qualitative characteristics & accounting principles slide show game
Qualitative characteristics & accounting principles slide show gameQualitative characteristics & accounting principles slide show game
Qualitative characteristics & accounting principles slide show gamemickykell
 
Day 3.pptx
Day 3.pptxDay 3.pptx
Day 3.pptxRajeshbabu Chandrasekaran
 
| Generally Accepted Accounting Principles | Principles of Accounting | Accou...
| Generally Accepted Accounting Principles | Principles of Accounting | Accou...| Generally Accepted Accounting Principles | Principles of Accounting | Accou...
| Generally Accepted Accounting Principles | Principles of Accounting | Accou...Ahmad Hassan
 

More Related Content

What's hot

Accounting assumptions
Accounting assumptionsAccounting assumptions
Accounting assumptionsCollege
 
Principles of accounting
Principles of accountingPrinciples of accounting
Principles of accountingTrinity Dwarka
 
Generally Accepted Accounting Principles
Generally Accepted Accounting PrinciplesGenerally Accepted Accounting Principles
Generally Accepted Accounting PrinciplesOntario eSchool
 
Accounting principles
Accounting principlesAccounting principles
Accounting principlesSurbakty
 
Accounting concepts and conventions
Accounting concepts and conventionsAccounting concepts and conventions
Accounting concepts and conventionsambar250885
 
Accounting principles and concepts
Accounting principles and conceptsAccounting principles and concepts
Accounting principles and conceptsksssssmb
 
Accounting principle & concept by sarmad baloch
Accounting principle & concept by sarmad balochAccounting principle & concept by sarmad baloch
Accounting principle & concept by sarmad balochSarmad Baloch
 
GAAP Accounting (Generally accepted accounting principles)
GAAP Accounting (Generally accepted accounting principles)GAAP Accounting (Generally accepted accounting principles)
GAAP Accounting (Generally accepted accounting principles)Faizan Rasool
 
Accounting basis 2
Accounting basis 2Accounting basis 2
Accounting basis 2Ggundegee
 
Accounting conventions ppt @ mba finance
Accounting conventions ppt @ mba financeAccounting conventions ppt @ mba finance
Accounting conventions ppt @ mba financeBabasab Patil
 
Accounting principles , conventions and concepts
Accounting principles , conventions and conceptsAccounting principles , conventions and concepts
Accounting principles , conventions and conceptsSanjeet Yadav
 
Accounting concepts and conventions
Accounting concepts and conventions Accounting concepts and conventions
Accounting concepts and conventions Srinivas Methuku
 
GAAP (Generally Accepted Accounting Principles)
GAAP (Generally Accepted Accounting Principles)GAAP (Generally Accepted Accounting Principles)
GAAP (Generally Accepted Accounting Principles)Syed Behroz Ali Rizvi
 
4 acounting principle
4 acounting principle4 acounting principle
4 acounting principleDr.R. SELVAM
 
Accounting; gaap principles
Accounting; gaap principlesAccounting; gaap principles
Accounting; gaap principlesMbongiseni Ceza
 
Qualitative characteristics & accounting principles slide show game
Qualitative characteristics & accounting principles slide show gameQualitative characteristics & accounting principles slide show game
Qualitative characteristics & accounting principles slide show gamemickykell
 

What's hot (20)

Accounting assumptions
Accounting assumptionsAccounting assumptions
Accounting assumptions
 
GAAP & Accrual Accounting
GAAP & Accrual Accounting GAAP & Accrual Accounting
GAAP & Accrual Accounting
 
Principles of accounting
Principles of accountingPrinciples of accounting
Principles of accounting
 
GAAP analysis
GAAP analysisGAAP analysis
GAAP analysis
 
Accounts
AccountsAccounts
Accounts
 
Generally Accepted Accounting Principles
Generally Accepted Accounting PrinciplesGenerally Accepted Accounting Principles
Generally Accepted Accounting Principles
 
Accounting principles
Accounting principlesAccounting principles
Accounting principles
 
Accounting concepts and conventions
Accounting concepts and conventionsAccounting concepts and conventions
Accounting concepts and conventions
 
Accounting principles and concepts
Accounting principles and conceptsAccounting principles and concepts
Accounting principles and concepts
 
Accounting principle & concept by sarmad baloch
Accounting principle & concept by sarmad balochAccounting principle & concept by sarmad baloch
Accounting principle & concept by sarmad baloch
 
GAAP Accounting (Generally accepted accounting principles)
GAAP Accounting (Generally accepted accounting principles)GAAP Accounting (Generally accepted accounting principles)
GAAP Accounting (Generally accepted accounting principles)
 
Accounting basis 2
Accounting basis 2Accounting basis 2
Accounting basis 2
 
Accounting conventions ppt @ mba finance
Accounting conventions ppt @ mba financeAccounting conventions ppt @ mba finance
Accounting conventions ppt @ mba finance
 
Accounting principles , conventions and concepts
Accounting principles , conventions and conceptsAccounting principles , conventions and concepts
Accounting principles , conventions and concepts
 
Accounting concepts and conventions
Accounting concepts and conventions Accounting concepts and conventions
Accounting concepts and conventions
 
Accounting
AccountingAccounting
Accounting
 
GAAP (Generally Accepted Accounting Principles)
GAAP (Generally Accepted Accounting Principles)GAAP (Generally Accepted Accounting Principles)
GAAP (Generally Accepted Accounting Principles)
 
4 acounting principle
4 acounting principle4 acounting principle
4 acounting principle
 
Accounting; gaap principles
Accounting; gaap principlesAccounting; gaap principles
Accounting; gaap principles
 
Qualitative characteristics & accounting principles slide show game
Qualitative characteristics & accounting principles slide show gameQualitative characteristics & accounting principles slide show game
Qualitative characteristics & accounting principles slide show game
 

Similar to Revenue Recognition Principle | Accounting

| Generally Accepted Accounting Principles | Principles of Accounting | Accou...
| Generally Accepted Accounting Principles | Principles of Accounting | Accou...| Generally Accepted Accounting Principles | Principles of Accounting | Accou...
| Generally Accepted Accounting Principles | Principles of Accounting | Accou...Ahmad Hassan
 
1.2. ACCOUNTING ASSUMPTIONS, PRINCIPLES AND CONCEPTS.pptx
1.2. ACCOUNTING ASSUMPTIONS, PRINCIPLES AND CONCEPTS.pptx1.2. ACCOUNTING ASSUMPTIONS, PRINCIPLES AND CONCEPTS.pptx
1.2. ACCOUNTING ASSUMPTIONS, PRINCIPLES AND CONCEPTS.pptxPoojaGautam89
 
Accounting Concepts & Conventions
Accounting Concepts & ConventionsAccounting Concepts & Conventions
Accounting Concepts & ConventionsDevTech Finance
 
2. concepts and conventions of accounting mba 1st tri semester
2. concepts and conventions of accounting mba 1st tri semester2. concepts and conventions of accounting mba 1st tri semester
2. concepts and conventions of accounting mba 1st tri semesterKaran Kukreja
 
concepts in accounting
concepts in accountingconcepts in accounting
concepts in accountingkritikadas3
 
Accounting Concepts and Conventions
Accounting Concepts and ConventionsAccounting Concepts and Conventions
Accounting Concepts and ConventionsL.Prakash Kannan
 
Public Sector accounting.pptx
Public Sector accounting.pptxPublic Sector accounting.pptx
Public Sector accounting.pptxRuhulQuddus23
 
Gaap (generally accepted accounting principles)
Gaap (generally accepted accounting principles)Gaap (generally accepted accounting principles)
Gaap (generally accepted accounting principles)Muhammad Sher
 
(MBA SEM 1) SEM 1 Accounting Principles.pptx
(MBA SEM 1) SEM 1 Accounting Principles.pptx(MBA SEM 1) SEM 1 Accounting Principles.pptx
(MBA SEM 1) SEM 1 Accounting Principles.pptxgindu3009
 
CA.pdf .Naresh Sehdev 8527018189/9971548875
CA.pdf .Naresh Sehdev 8527018189/9971548875 CA.pdf .Naresh Sehdev 8527018189/9971548875
CA.pdf .Naresh Sehdev 8527018189/9971548875 NareshSehdev4
 
Accounting concept and convention
Accounting concept and conventionAccounting concept and convention
Accounting concept and conventionpoojanmantri
 
Gaap Constraints, Concepts, Assumptions, and Principles
Gaap Constraints, Concepts, Assumptions, and PrinciplesGaap Constraints, Concepts, Assumptions, and Principles
Gaap Constraints, Concepts, Assumptions, and PrinciplesDamon L. Mayer, EA
 
Acc0102. Accounting Concepts & Principles
Acc0102. Accounting Concepts & PrinciplesAcc0102. Accounting Concepts & Principles
Acc0102. Accounting Concepts & PrinciplesCPT Success
 
Accounting GAAP rules
Accounting GAAP rulesAccounting GAAP rules
Accounting GAAP rulesfaisal azam
 
Accounting Concepts and Principles
Accounting Concepts and PrinciplesAccounting Concepts and Principles
Accounting Concepts and Principlesariftokymc
 
AccountingPrinciples.pptx
AccountingPrinciples.pptxAccountingPrinciples.pptx
AccountingPrinciples.pptxRaviKumar905009
 

Similar to Revenue Recognition Principle | Accounting (20)

Day 3.pptx
Day 3.pptxDay 3.pptx
Day 3.pptx
 
| Generally Accepted Accounting Principles | Principles of Accounting | Accou...
| Generally Accepted Accounting Principles | Principles of Accounting | Accou...| Generally Accepted Accounting Principles | Principles of Accounting | Accou...
| Generally Accepted Accounting Principles | Principles of Accounting | Accou...
 
1.2. ACCOUNTING ASSUMPTIONS, PRINCIPLES AND CONCEPTS.pptx
1.2. ACCOUNTING ASSUMPTIONS, PRINCIPLES AND CONCEPTS.pptx1.2. ACCOUNTING ASSUMPTIONS, PRINCIPLES AND CONCEPTS.pptx
1.2. ACCOUNTING ASSUMPTIONS, PRINCIPLES AND CONCEPTS.pptx
 
Accounting Concepts & Conventions
Accounting Concepts & ConventionsAccounting Concepts & Conventions
Accounting Concepts & Conventions
 
Accounting concepts
Accounting conceptsAccounting concepts
Accounting concepts
 
2. concepts and conventions of accounting mba 1st tri semester
2. concepts and conventions of accounting mba 1st tri semester2. concepts and conventions of accounting mba 1st tri semester
2. concepts and conventions of accounting mba 1st tri semester
 
concepts in accounting
concepts in accountingconcepts in accounting
concepts in accounting
 
Accounting Concepts and Conventions
Accounting Concepts and ConventionsAccounting Concepts and Conventions
Accounting Concepts and Conventions
 
Public Sector accounting.pptx
Public Sector accounting.pptxPublic Sector accounting.pptx
Public Sector accounting.pptx
 
Gaap (generally accepted accounting principles)
Gaap (generally accepted accounting principles)Gaap (generally accepted accounting principles)
Gaap (generally accepted accounting principles)
 
67156bos54090-cp1u2.pdf
67156bos54090-cp1u2.pdf67156bos54090-cp1u2.pdf
67156bos54090-cp1u2.pdf
 
(MBA SEM 1) SEM 1 Accounting Principles.pptx
(MBA SEM 1) SEM 1 Accounting Principles.pptx(MBA SEM 1) SEM 1 Accounting Principles.pptx
(MBA SEM 1) SEM 1 Accounting Principles.pptx
 
CA.pdf .Naresh Sehdev 8527018189/9971548875
CA.pdf .Naresh Sehdev 8527018189/9971548875 CA.pdf .Naresh Sehdev 8527018189/9971548875
CA.pdf .Naresh Sehdev 8527018189/9971548875
 
Accounting concept and convention
Accounting concept and conventionAccounting concept and convention
Accounting concept and convention
 
Gaap Constraints, Concepts, Assumptions, and Principles
Gaap Constraints, Concepts, Assumptions, and PrinciplesGaap Constraints, Concepts, Assumptions, and Principles
Gaap Constraints, Concepts, Assumptions, and Principles
 
Acc0102. Accounting Concepts & Principles
Acc0102. Accounting Concepts & PrinciplesAcc0102. Accounting Concepts & Principles
Acc0102. Accounting Concepts & Principles
 
basic accounting concepts
basic accounting concepts basic accounting concepts
basic accounting concepts
 
Accounting GAAP rules
Accounting GAAP rulesAccounting GAAP rules
Accounting GAAP rules
 
Accounting Concepts and Principles
Accounting Concepts and PrinciplesAccounting Concepts and Principles
Accounting Concepts and Principles
 
AccountingPrinciples.pptx
AccountingPrinciples.pptxAccountingPrinciples.pptx
AccountingPrinciples.pptx
 

More from Transweb Global Inc

Resultant of Coplanar Parallel Forces | Mechanical Engineering
Resultant of Coplanar Parallel Forces | Mechanical EngineeringResultant of Coplanar Parallel Forces | Mechanical Engineering
Resultant of Coplanar Parallel Forces | Mechanical EngineeringTransweb Global Inc
 
The Centroidal Axis | Mechanical Engineering
The Centroidal Axis | Mechanical EngineeringThe Centroidal Axis | Mechanical Engineering
The Centroidal Axis | Mechanical EngineeringTransweb Global Inc
 
System Of Coplanar Forces | Mechanical Engineering
System Of Coplanar Forces | Mechanical EngineeringSystem Of Coplanar Forces | Mechanical Engineering
System Of Coplanar Forces | Mechanical EngineeringTransweb Global Inc
 
Resultant of Two Unlike and Unequal Parallel Forces | Mechanical Engineering
Resultant of Two Unlike and Unequal Parallel Forces | Mechanical EngineeringResultant of Two Unlike and Unequal Parallel Forces | Mechanical Engineering
Resultant of Two Unlike and Unequal Parallel Forces | Mechanical EngineeringTransweb Global Inc
 
SFD Load Diagram Examples | Mechanical Engineering
SFD Load Diagram Examples | Mechanical EngineeringSFD Load Diagram Examples | Mechanical Engineering
SFD Load Diagram Examples | Mechanical EngineeringTransweb Global Inc
 
Principle Of Transmissibility | Mechanical Engineering
Principle Of Transmissibility | Mechanical EngineeringPrinciple Of Transmissibility | Mechanical Engineering
Principle Of Transmissibility | Mechanical EngineeringTransweb Global Inc
 
Law Of Polygon | Mechanical Engineering
Law Of Polygon | Mechanical EngineeringLaw Of Polygon | Mechanical Engineering
Law Of Polygon | Mechanical EngineeringTransweb Global Inc
 
Similarities between Leadership and Management | Management
Similarities between Leadership and Management | ManagementSimilarities between Leadership and Management | Management
Similarities between Leadership and Management | ManagementTransweb Global Inc
 
Ranked Positional Weight Method | Management
Ranked Positional Weight Method | ManagementRanked Positional Weight Method | Management
Ranked Positional Weight Method | ManagementTransweb Global Inc
 
Business Intelligence And Business Analytics | Management
Business Intelligence And Business Analytics | ManagementBusiness Intelligence And Business Analytics | Management
Business Intelligence And Business Analytics | ManagementTransweb Global Inc
 
Conductance | Electrical Engineering
Conductance | Electrical EngineeringConductance | Electrical Engineering
Conductance | Electrical EngineeringTransweb Global Inc
 
Advantages and Disadvantages of Digital Electronics | Electrical Engineering
Advantages and Disadvantages of Digital Electronics | Electrical EngineeringAdvantages and Disadvantages of Digital Electronics | Electrical Engineering
Advantages and Disadvantages of Digital Electronics | Electrical EngineeringTransweb Global Inc
 
Stabilization Of Operating Point | Electrical Engineering
Stabilization Of Operating Point | Electrical EngineeringStabilization Of Operating Point | Electrical Engineering
Stabilization Of Operating Point | Electrical EngineeringTransweb Global Inc
 
Computer Architecture | Computer Science
Computer Architecture | Computer ScienceComputer Architecture | Computer Science
Computer Architecture | Computer ScienceTransweb Global Inc
 
Compilers Computer Program | Computer Science
Compilers Computer Program | Computer ScienceCompilers Computer Program | Computer Science
Compilers Computer Program | Computer ScienceTransweb Global Inc
 

More from Transweb Global Inc (20)

Resultant of Coplanar Parallel Forces | Mechanical Engineering
Resultant of Coplanar Parallel Forces | Mechanical EngineeringResultant of Coplanar Parallel Forces | Mechanical Engineering
Resultant of Coplanar Parallel Forces | Mechanical Engineering
 
The Centroidal Axis | Mechanical Engineering
The Centroidal Axis | Mechanical EngineeringThe Centroidal Axis | Mechanical Engineering
The Centroidal Axis | Mechanical Engineering
 
System Of Coplanar Forces | Mechanical Engineering
System Of Coplanar Forces | Mechanical EngineeringSystem Of Coplanar Forces | Mechanical Engineering
System Of Coplanar Forces | Mechanical Engineering
 
Resultant of Two Unlike and Unequal Parallel Forces | Mechanical Engineering
Resultant of Two Unlike and Unequal Parallel Forces | Mechanical EngineeringResultant of Two Unlike and Unequal Parallel Forces | Mechanical Engineering
Resultant of Two Unlike and Unequal Parallel Forces | Mechanical Engineering
 
SFD Load Diagram Examples | Mechanical Engineering
SFD Load Diagram Examples | Mechanical EngineeringSFD Load Diagram Examples | Mechanical Engineering
SFD Load Diagram Examples | Mechanical Engineering
 
Principle Of Transmissibility | Mechanical Engineering
Principle Of Transmissibility | Mechanical EngineeringPrinciple Of Transmissibility | Mechanical Engineering
Principle Of Transmissibility | Mechanical Engineering
 
Law Of Polygon | Mechanical Engineering
Law Of Polygon | Mechanical EngineeringLaw Of Polygon | Mechanical Engineering
Law Of Polygon | Mechanical Engineering
 
Similarities between Leadership and Management | Management
Similarities between Leadership and Management | ManagementSimilarities between Leadership and Management | Management
Similarities between Leadership and Management | Management
 
Ranked Positional Weight Method | Management
Ranked Positional Weight Method | ManagementRanked Positional Weight Method | Management
Ranked Positional Weight Method | Management
 
Business Intelligence And Business Analytics | Management
Business Intelligence And Business Analytics | ManagementBusiness Intelligence And Business Analytics | Management
Business Intelligence And Business Analytics | Management
 
ABC Cost Hierarchy | Management
ABC Cost Hierarchy | ManagementABC Cost Hierarchy | Management
ABC Cost Hierarchy | Management
 
Speed To Market | Management
Speed To Market | ManagementSpeed To Market | Management
Speed To Market | Management
 
Managerial Hubris | Finance
Managerial Hubris | FinanceManagerial Hubris | Finance
Managerial Hubris | Finance
 
Conductance | Electrical Engineering
Conductance | Electrical EngineeringConductance | Electrical Engineering
Conductance | Electrical Engineering
 
Advantages and Disadvantages of Digital Electronics | Electrical Engineering
Advantages and Disadvantages of Digital Electronics | Electrical EngineeringAdvantages and Disadvantages of Digital Electronics | Electrical Engineering
Advantages and Disadvantages of Digital Electronics | Electrical Engineering
 
Stabilization Of Operating Point | Electrical Engineering
Stabilization Of Operating Point | Electrical EngineeringStabilization Of Operating Point | Electrical Engineering
Stabilization Of Operating Point | Electrical Engineering
 
Offer Curves | Economics
Offer Curves | EconomicsOffer Curves | Economics
Offer Curves | Economics
 
Fixed Exchange Rate | Economics
Fixed Exchange Rate | EconomicsFixed Exchange Rate | Economics
Fixed Exchange Rate | Economics
 
Computer Architecture | Computer Science
Computer Architecture | Computer ScienceComputer Architecture | Computer Science
Computer Architecture | Computer Science
 
Compilers Computer Program | Computer Science
Compilers Computer Program | Computer ScienceCompilers Computer Program | Computer Science
Compilers Computer Program | Computer Science
 

Recently uploaded

TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...Nguyen Thanh Tu Collection
 
Simple, Complex, and Compound Sentences Exercises.pdf
Simple, Complex, and Compound Sentences Exercises.pdfSimple, Complex, and Compound Sentences Exercises.pdf
Simple, Complex, and Compound Sentences Exercises.pdfstareducators107
 
QUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lesson
QUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lessonQUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lesson
QUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lessonhttgc7rh9c
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSCeline George
 
PANDITA RAMABAI- Indian political thought GENDER.pptx
PANDITA RAMABAI- Indian political thought GENDER.pptxPANDITA RAMABAI- Indian political thought GENDER.pptx
PANDITA RAMABAI- Indian political thought GENDER.pptxakanksha16arora
 
REMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptxREMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptxDr. Ravikiran H M Gowda
 
Play hard learn harder: The Serious Business of Play
Play hard learn harder: The Serious Business of PlayPlay hard learn harder: The Serious Business of Play
Play hard learn harder: The Serious Business of PlayPooky Knightsmith
 
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxCOMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxannathomasp01
 
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdfUGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdfNirmal Dwivedi
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Pooja Bhuva
 
Tatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf artsTatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf artsNbelano25
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Jisc
 
How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17Celine George
 
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdf
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdfFICTIONAL SALESMAN/SALESMAN SNSW 2024.pdf
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdfPondicherry University
 
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxJisc
 
How to Add a Tool Tip to a Field in Odoo 17
How to Add a Tool Tip to a Field in Odoo 17How to Add a Tool Tip to a Field in Odoo 17
How to Add a Tool Tip to a Field in Odoo 17Celine George
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxCeline George
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfDr Vijay Vishwakarma
 
Graduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - EnglishGraduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - Englishneillewis46
 

Recently uploaded (20)

TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
Simple, Complex, and Compound Sentences Exercises.pdf
Simple, Complex, and Compound Sentences Exercises.pdfSimple, Complex, and Compound Sentences Exercises.pdf
Simple, Complex, and Compound Sentences Exercises.pdf
 
QUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lesson
QUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lessonQUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lesson
QUATER-1-PE-HEALTH-LC2- this is just a sample of unpacked lesson
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
PANDITA RAMABAI- Indian political thought GENDER.pptx
PANDITA RAMABAI- Indian political thought GENDER.pptxPANDITA RAMABAI- Indian political thought GENDER.pptx
PANDITA RAMABAI- Indian political thought GENDER.pptx
 
REMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptxREMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptx
 
Play hard learn harder: The Serious Business of Play
Play hard learn harder: The Serious Business of PlayPlay hard learn harder: The Serious Business of Play
Play hard learn harder: The Serious Business of Play
 
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxCOMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
 
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdfUGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 
Tatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf artsTatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf arts
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)
 
How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17
 
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdf
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdfFICTIONAL SALESMAN/SALESMAN SNSW 2024.pdf
FICTIONAL SALESMAN/SALESMAN SNSW 2024.pdf
 
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptx
 
How to Add a Tool Tip to a Field in Odoo 17
How to Add a Tool Tip to a Field in Odoo 17How to Add a Tool Tip to a Field in Odoo 17
How to Add a Tool Tip to a Field in Odoo 17
 
OS-operating systems- ch05 (CPU Scheduling) ...
OS-operating systems- ch05 (CPU Scheduling) ...OS-operating systems- ch05 (CPU Scheduling) ...
OS-operating systems- ch05 (CPU Scheduling) ...
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptx
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
 
Graduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - EnglishGraduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - English
 

Revenue Recognition Principle | Accounting

  • 1.
  • 2. ACCOUNTING PRINCIPLES Accounting principles can be subdivided into two categories:  Accounting Concepts; and  Accounting Conventions.
  • 3. ACCOUNTING PRINCIPLES Accounting Concepts The term ‘concept’ is used to connote accounting postulates, that is necessary assumptions and conditions upon which accounting is based.
  • 4. • Business Entity Concept • Money Measurement Concept • Cost Concept • Going Concern Concept • Dual Aspect Concept • Realization Concept • Accounting Period Concept Accounting Concepts
  • 5. ACCOUNTING CONVENTIONS • Convention of Consistency • Convention of Disclosure • Convention of Conservation
  • 6.
  • 7.
  • 8.
  • 9.
  • 10. This was just a summary on Revenue Recognition Principle. For more detailed information on this topic, please type the link given below or copy it from the description of this PPT and open it in a new browser window. Hey Friend, www.transtutors.com/homework-help/accounting/basic-principles-revenue-recognition/