Turnover: related pages

Revenue recognition

The choice of which inflows a company should consider to be part of its sales.

Accrual principle

The accounting principle of matching of costs to the revenues they generate.

Deferred income

Income received during an accounting period for goods and services not yet supplied.

Creative accounting

Manipulation of financial numbers, usually within the letter of accounting rules.

Total billings

The amount paid to advertising agencies by clients for the purchase of advertising space. part of the agencies' turnover but not usually recognised as revenue.