| comp., MS |
признание дохода (The process of transferring the revenue and costs currently recorded in the WIP balance sheet accounts to expense and revenue accounts in the Profit and Loss. The time and manner in which this can be performed is determined by Financial Standards: The revenue recognition principle says that revenue should be recorded when it has been earned, not received. The revenue recognition concept is part of accrual accounting, meaning that when you create an invoice for your customer for goods or services, the amount of that invoice is recorded as revenue at that point, and not when the money is received from the customer. This is one of the major differences between accrual basis accounting and cash basis accounting, since with cash accounting, revenue is recognized when payment is received, not when it's earned.) |
