Amount generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of firm before any costs or expenses are deducted. Revenue is shown usually as the top item in an income (profit and loss) statement from which all charges, costs, and expenses are subtracted to arrive at the net income of the firm. Also called salesA marketing technique used to promote a project. More, or (in the UK) turnover. In more formal usage, revenue is a calculation or estimation of periodic income based on a particular standardA document that provides, for common and repeated use, rules... More accounting practiceA specific type of professional or management activity that ... More or the rules established by a government or government agency. Two common accounting methods, cash basis accounting and accrualWork done for which payment is due but has not been made. Se... More basis accounting, do not use the same processA set of interrelated actions and activities performed to ac... More for measuring revenue. Corporations that offer shares for sale to the public are usually required by law to report revenue based on generally accepted accounting principles or International Financial Reporting StandardsAlso IFRS. IFRS are Standards, Interpretations and the Frame... More.
