- *unearned revenue.
Auditor's dictionary. 2014.
Look at other dictionaries:
Deferred Revenue — A liability account used to collect deposits and other cash receipts prior to the completion of the sale. Deferred revenue is important because it s the money a company collects before it actually delivers a product. For example, a software… … Investment dictionary
Deferred income — (also known as deferred revenue, unearned revenue, or unearned income) is, in accrual accounting, money received for goods or services which have not yet been delivered. According to the revenue recognition principle, it is recorded as a… … Wikipedia
deferred credit — UK US noun [C] (also deferred income [U], also deferred revenue [U]) ► ACCOUNTING money that has been received by a business but has not yet been shown in the accounts as income, for example, payment in advance for goods that have not yet been… … Financial and business terms
Deferred Credit — Income that is received by a business but not immediately reported as income. Typically, this is done on income that is not fully earned and, consequently, has yet to be matched with a related expense. Such items include consulting fees,… … Investment dictionary
Deferred Charge — A prepaid expense that is treated as an asset on a balance sheet and is carried forward until it is actually used. Deferred charges often stem from a business making a payment for a good or service that it has not yet received, such as the… … Investment dictionary
Deferred Acquisition Costs — (DAC) is a term commonly used in the insurance business. It describes the practice of deferring the cost of acquiring a new customer over the duration of the insurance contract. Insurance companies face large upfront costs incurred in issuing new … Wikipedia
Revenue recognition — principle is an important accounting principle, which is the main difference between cash basis accounting and accrual basis accounting. In cash basis accounting revenues are simply recognized when cash is received no matter when and how the… … Wikipedia
deferred credit — or deferred income Fin revenue received but not yet reported as income in the profit and loss account, for example, payment for goods to be delivered or services provided at a later date, or government grants received for the purchase of assets.… … The ultimate business dictionary
deferred income — deferred credit or deferred income Fin revenue received but not yet reported as income in the profit and loss account, for example, payment for goods to be delivered or services provided at a later date, or government grants received for the… … The ultimate business dictionary
Deferred tax — This article is about deferred tax as an accounting concept. For deferral of tax liabilities in cash flow terms, see tax deferral. Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual … Wikipedia