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Revenue
According to Paton and Littleon, "Revenue is the product of the entity which refers to the goods and services created during a specific time span by an enterprise."
Double-Entry Accounting: A Place to Start
A brief explanation of double-entry accounting and the framework upon which it is based.

Other accounting concepts Related Articles

From the Publisher Retail Franchises
Over the years we've had a number of calls from would-be Franchisees who are attracted to retail concepts but don't want the business to involve food. They needed our ideas and assistance because they were not finding an opportunity that wasn't food-related. In this issue, we take a look at a selected group of non-food , retail franchise concepts and I am happy to report that there are a number of good concepts available for consideration.

Simple Accounting for the Small Business Synoptic Journal Bookkeeping using a Simple Accounting Spreadsheet Template
You have started a small business while still working or to create additional income for your household income. You know nothing about accounting or bookkeeping. This accounting administration part of business scares you a bit and is holding you back from 'Doing IT'. Here is a simple approach to achieve the recording of your business financial books. No prior accounting or bookkeeping knowledge required! Don't buy Quick Books or AccPac or some other accounting package. This simple bookkeeping approach is easy and FREE.
ACCOUNTING POLICE: DO THEY EXIST?
Who created accounting principles? Who sets and revises accounting standards? What if you don’t follow all the rules, do you go to jail? Is there an accounting police force that investigates and arrests violators? It would seem that there must be some regulatory force to make sure that providers of financial statements conform to the rules. There is, up to a point, and this article discusses how it works:
18 Web-Marketing Concepts That Make A Difference
If you've been looking high and low for the secret of Web success, today is your lucky day. We've put a little something together that we call '18 Web-Marketing Concepts That Make A Difference.' Eighteen concepts to think about that may just give you an edge on your competition; in fact these ideas may give you an edge, period. So if the same old left-brain thinking that everybody else is using just doesn't get you where you want to be, try these creative concepts on for size.
8 Brain-Branding Web Presentation Concepts, Part II
In '8 Brain-Branding Web Presentation Concepts, Part I' we discussed the first four brain-related marketing concepts that if incorporated into website presentations help generate brand preference purchase decisions. Part II continues with the next four concepts.
Financial Accounting: Don’t Reinvent the Wheel When Accounting for Your Business’ Future
Every small business owner or manager must learn to differentiate between those business processes that must evolve and those that should remain stable. While evolving in order to meet changing consumer demands and an ever-shifting technological environment is essential, there are some business processes where change and evolution are counter-productive, even destructive. Financial accounting is one of these. A complete overview of the basics of financial accounting is way beyond the scope of this article. However, by sharing a few standard accounting concepts with you, I hope I’ll motivate you to perhaps take a little bit closer look at the financial statements your CPA slides across your desk next month.

US and International Financial Regulations
In this article we will look at accounting standards; discuss original purpose of their creation and consider the future of the financial regulation in general. We will get familiar with some of the major concepts of US financial accounting and its integration process into the global system of rules.

Is your Accounting System Broken?
In the past few months we have heard so much about Greece’s large debt burden and budget deficit leading to a contagion of problems that are likely to take the entire Euro Zone down. You wonder how this problem just revealed itself so suddenly without any prior warning. After all didn’t the Government of Greece and the Euro Zone’s central bank know they were taking on too much debt? Wouldn’t their accounting system tell them the level of debt and growing deficit as it got worse over the years? The reason why Greece's problems went undetected for so long is that they had a broken accounting system. Every year, K&M Accounting and Tax Services come across small and large businesses in Charlotte and Carolinas that have accounting systems that just don’t work. Here's some tips to find out if your accounting system is working for you.
Advanced Franchise Business Accounting - Part 1
In FranchiseHelp's 3-Part Guide on EvanCarmichael for analyzing the profit potential of a franchise business, we provided basic descriptions of several important accounting terms. Those descriptions were fully sufficient for building out a basic franchise business plan model, but some people like to dig deep into the weeds, so for you detail freaks we've assembled the following guide to Advanced Franchise Accounting Concepts. Read on for Part 1 of a 2-Part Series on Franchise Accounting Terminology.
Advanced Franchise Business Accounting - Part 2
In FranchiseHelp's 3-Part Guide on EvanCarmichael for analyzing the profit potential of a franchise business, we provided basic descriptions of several important franchise business accounting terms. Some readers wanted to go beyond these introductory concepts, so we've written the following guide to Advanced Franchise Accounting Concepts. Read on for Part 2 of a 2-Part Series on Advanced Franchise Accounting Terminology.
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