10
3-17 Time Period Assumption Economic life of business can be divided into artificial time periods Revenue Recognition Principle Revenue recognized in the accounting period in which it is earned Matching Principle Expenses matched with revenues in the period when efforts are expended to generate revenues ILLUSTRATION 3-1 GUIDELINES TO REPORT REVENUE AND EXPENSES

Illustration 3-1 Guidelines to Report Revenue And

Embed Size (px)

Citation preview

Page 1: Illustration 3-1 Guidelines to Report Revenue And

8/14/2019 Illustration 3-1 Guidelines to Report Revenue And

http://slidepdf.com/reader/full/illustration-3-1-guidelines-to-report-revenue-and 1/9

Page 2: Illustration 3-1 Guidelines to Report Revenue And

8/14/2019 Illustration 3-1 Guidelines to Report Revenue And

http://slidepdf.com/reader/full/illustration-3-1-guidelines-to-report-revenue-and 2/9

Page 3: Illustration 3-1 Guidelines to Report Revenue And

8/14/2019 Illustration 3-1 Guidelines to Report Revenue And

http://slidepdf.com/reader/full/illustration-3-1-guidelines-to-report-revenue-and 3/9

Page 4: Illustration 3-1 Guidelines to Report Revenue And

8/14/2019 Illustration 3-1 Guidelines to Report Revenue And

http://slidepdf.com/reader/full/illustration-3-1-guidelines-to-report-revenue-and 4/9

Page 5: Illustration 3-1 Guidelines to Report Revenue And

8/14/2019 Illustration 3-1 Guidelines to Report Revenue And

http://slidepdf.com/reader/full/illustration-3-1-guidelines-to-report-revenue-and 5/9

Page 6: Illustration 3-1 Guidelines to Report Revenue And

8/14/2019 Illustration 3-1 Guidelines to Report Revenue And

http://slidepdf.com/reader/full/illustration-3-1-guidelines-to-report-revenue-and 6/9

Page 7: Illustration 3-1 Guidelines to Report Revenue And

8/14/2019 Illustration 3-1 Guidelines to Report Revenue And

http://slidepdf.com/reader/full/illustration-3-1-guidelines-to-report-revenue-and 7/9

Page 8: Illustration 3-1 Guidelines to Report Revenue And

8/14/2019 Illustration 3-1 Guidelines to Report Revenue And

http://slidepdf.com/reader/full/illustration-3-1-guidelines-to-report-revenue-and 8/9

Page 9: Illustration 3-1 Guidelines to Report Revenue And

8/14/2019 Illustration 3-1 Guidelines to Report Revenue And

http://slidepdf.com/reader/full/illustration-3-1-guidelines-to-report-revenue-and 9/9