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2. Revenue recognition - Wikipedia

   en.wikipedia.org/wiki/Revenue_recognition

   In accounting, the revenue recognition principle states that revenues are earned and recognized when they are realized or realizable, no matter when cash is received. It is a cornerstone of accrual accounting together with the matching principle. Together, they determine the accounting period in which revenues and expenses are recognized. [1]

3. IFRS 15 - Wikipedia

   en.wikipedia.org/wiki/IFRS_15

   A main purpose of the project to develop IFRS 15 was that, although revenue is a critical metric for financial statement users, there were important differences between the IASB and FASB definitions of revenue, and there were different definitions of revenue even within each board's guidance for similar transactions accounting for under different standards. [3]

4. Management accounting principles - Wikipedia

   en.wikipedia.org/wiki/Management_Accounting...

   By examining two of the four financial accounting principles, it will reveal that financial accounting principles (e.g., Historical cost, Revenue recognition, Matching principle, and Full Disclosure) do not serve the objectives of management accounting. Let's examine the following two GAAP principles:

5. Matching principle - Wikipedia

   en.wikipedia.org/wiki/Matching_principle

   In accrual accounting, the matching principle dictates that an expense should be reported in the same period as the corresponding revenue is earned. The revenue recognition principle states that revenues should be recorded in the period in which they are earned, regardless of when the cash is transferred. By recognising costs in the period they ...

6. Generally Accepted Accounting Principles (United States)

   en.wikipedia.org/wiki/Generally_Accepted...

   Revenue recognition principle: holds that companies should record revenue when earned but not when received. The flow of cash does not have any bearing on the recognition of revenue. This is the essence of accrual basis accounting. Conversely, however, losses must be recognized when their occurrence becomes probable, whether or not it has ...

7. Management accounting - Wikipedia

   en.wikipedia.org/wiki/Management_accounting

   Management accounting is an applied discipline used in various industries. The specific functions and principles followed can vary based on the industry. Management accounting principles in banking are specialized but do have some common fundamental concepts used whether the industry is manufacturing-based or service-oriented.