What is a Multi-component Sale?
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...
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:
Revenue is disclosed in the statement of comprehensive...
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...
Under IAS 18 revenue is measurable at 'the fair value of the consideration received or receivable'.
In essence, this is the fair market price less any discounts or rebates received.
If a sale is a cash...