Revenues and gains the definition of income

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Revenues and Gains The definition of income encompasses both revenue and gains. Revenue arises in the course of the ordinary activities of an entity and may be referred to by a variety of different names including sales, fees, interest, dividends, royalties, and rent. Gains represent other items that meet the definition of income and may, or may not, arise in the course of the ordinary activities of an entity
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Revenues and Gains FASB: Terdapat perbedaan Gains adalah peningkatan aktiva bersih dari transaksi insidental dan dari peristiwa-peristiwa lain yang sebagian besar di luar kendali perusahaan. Revenues berkaitan dengan operasi utama yang sedang berlangsung.
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Revenues and Gains Committee on Accounting Terminology: Revenue termasuk di dalamnya keuntungan (gains) dari penjualan atau pertukaran aktiva (selain saham yang diperdagangkan), bunga dan dividen yang diperoleh dari investasi, dan peningkatan lain dalam ekuitas pemilik kecuali yang timbul dari kontribusi modal dan penyesuaian modal.
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Behavioral view of revenue Paton dan Littleton, revenue adalah: Indikasi “prestasi” (accomplishment) perusahaaan Ukuran “kinerja kotor” (gross performance) perusahaan. Beban menunjukkan “usaha” (effort) Matching revenues dan expenses menghasilkan proft (net accomplishment).
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Behavioral view of revenue Bedford, income timbul dari aktivitas operasi bisnis: Perolehan sumber daya uang Perolehan jasa Utilisasi jasa Rekombinasi jasa yang diperoleh Disposisi jasa Distribusi sumber daya uang
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Behavioral view of revenue Myers menghubungkan revenue dan income pada peristiwa-peristiwa kritis tertentu dan keputusan yang dibuat oleh manager perusahaan. Profit is earned at the moment of making the most critical decision or of performing the most difficult task in the cycle of a complete transaction.
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Behavioral view of revenue Earnings process menghasilkan income. Income dibagi 2 streams: Positive stream (revenues and gains). Efek positif berhubungan dengan produksi dan penjualan output, yang meningkatkan nilai total aktiva. Negative stream (expenses and losses). Efek negatif menghasilkan penurunan nilai aktiva, atau peningkatan kewajiban, yang disebabkan karena penggunaan aktiva atau jasa dalam earnings process.
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Recognition of revenue Historical perspective Criteria for revenue recognition
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Recognition of Income Income is recognized in the income statement when an increase in future economic benefits related to an increase in an asset or a decrease of a liability has arisen that can be measured reliably
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Historical perspective Abad 19, income ditentukan berdasarkan peningkatan dalam kekayaan bersih.
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