CHAPTER :11 ACHIEVING INTERRELATIONSHIPS Presented by Batul Bharmal Pankaj Chaudhari Shivkala Vasava Vishal Gandhi Content….  Interrelationships….???  Impediments…

1 Revenue Indian Accounting Standard (Ind AS) 18 Revenue Contents Paragraphs OBJECTIVE SCOPE 1â6 DEFINITIONS 7â8 MEASUREMENT OF REVENUE 9â12 IDENTIFICATION OF THE TRANSACTION…

Slide 1 Chapter : Measurement and Reporting of Revenues and Expenses, Gains and Losses Slide 2 FASB definitions -Allocation : is the accounting process of assigning or distributing…

5 Revenue Recognition Revenue Recognition ⢠It is an accounting principle under generally accepted accounting principles (GAAP) that determines the specific conditions…

Revenues Key Definition Revenue: the gross inflow of economic benefits (cash, receivables, other assets) arising from the ordinary operating activities of an entity (such…