So far we’ve looked at revenue from the viewpoint of selling one good or one service at a time.
However, often goods or services can be packaged together for sale in one deal.
Examples of this include the sale of:
Revenue is the name given to an entity’s income that arises in the ordinary course of activities and is known by a number of other names including:
What is Revenue?
Revenue is the gross inflow of economic benefits (cash, receivables, other assets) arising from the ordinary operating activities of an enterprise (such as sales of goods, sales of services, interest, royalties, and dividends).
Under IAS 18 revenue is measurable at ‘the fair value of the consideration received or receivable’.