Revenue
Definition: Revenue is the gross inflow of economic benefits during a period arising from the ordinary activities of an entity when those inflows result in inc…
BroadBeginner
Revenue is the gross inflow of economic benefits during a period arising from the ordinary activities of an entity when those inflows result in increases in equity, other than increases relating to contributions from equity participants. Revenue is recognized under ASC 606 and IFRS 15 when (or as) a performance obligation is satisfied. The five-step model includes identifying the contract, identifying performance obligations, determining the transaction price, allocating the price, and recognizing revenue. Revenue is increased by credits and decreased by debits.
Related Subjects
Used in Formula
- Gross Profit MarginUsed in: Gross Profit Margin
- Net Profit MarginUsed in: Net Profit Margin
- Contribution MarginUsed in: Contribution Margin
- Operating Profit MarginUsed in: Operating Profit Margin
- EBITDA MarginUsed in: EBITDA Margin
- Asset Turnover RatioUsed in: Asset Turnover Ratio
- Fixed Asset TurnoverUsed in: Fixed Asset Turnover
- Price-to-Sales Ratio (P/S)Used in: Price-to-Sales Ratio (P/S)