Income statement

Income statement example

Example to analyse and explain the income statement.

Accrual revenue

According to the accrual, before being recognised and reported, revenue must be earned and realised, and it must be capable of being verifiably measeured.

Meaning of revenue

Revenue is the gross inflow of economic benefits during the period arising in the course of the ordinary activities of the enterprise.

Measurement of revenue

Revenue should be measured at the fair value of the consideration received or receivable.

Revenue disclosure

This is the content of revenue should be disclosed by the enterprise.