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Analysis

Reconocimiento de Ingresos

An accounting principle governing the specific conditions under which revenue is recognized or recorded, requiring firms to record revenue when it is earned and realizable, as defined by IFRS 15 and ASC 606.

Quick answer: An accounting principle governing the specific conditions under which revenue is recognized or recorded, requiring firms to record revenue when it is earned and realizable, as defined by IFRS 15 and ASC 606.

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Quick answer

An accounting principle governing the specific conditions under which revenue is recognized or recorded, requiring firms to record revenue when it is earned and realizable, as defined by IFRS 15 and ASC 606.

Why it matters

Reconocimiento de Ingresos matters because it supports clear communication in Analysis contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Editorial context

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Questions and answers

Questions and answers

What is Reconocimiento de Ingresos?

In this glossary, Reconocimiento de Ingresos refers to: An accounting principle governing the specific conditions under which revenue is recognized or recorded, requiring firms to record revenue when it is earned and realizable, as defined by IFRS 15 and ASC 606.

How is Reconocimiento de Ingresos used in finance?

In finance communication, this term appears in contexts such as: "NIIF 15 exige que el ingreso se reconozca cuando el control del bien o servicio pase al cliente, no solo cuando se recibe el efectivo."

Why does Reconocimiento de Ingresos matter in finance?

Reconocimiento de Ingresos matters because it supports clear communication in Analysis contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Who uses Reconocimiento de Ingresos?

Reconocimiento de Ingresos is mainly used by Financial Analysts, Bankers, and Traders.

What category does Reconocimiento de Ingresos belong to?

In this glossary, Reconocimiento de Ingresos is grouped under Analysis. Related pages in this category explain adjacent procedures, commands and operational concepts.

Where does this definition come from?

This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.

Definition

An accounting principle governing the specific conditions under which revenue is recognized or recorded, requiring firms to record revenue when it is earned and realizable, as defined by IFRS 15 and ASC 606.

Operational example

IFRS 15 requires companies to recognize revenue when control of goods or services transfers to the customer, not merely when cash is received.

Localized term

Reconocimiento de Ingresos

Localized example

NIIF 15 exige que el ingreso se reconozca cuando el control del bien o servicio pase al cliente, no solo cuando se recibe el efectivo.

Definition language

English reference definition

Source

CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework

Category

Analysis

Exam relevance

  • CFA
  • ACCA
  • FRM

Target audience

  • Financial Analysts
  • Bankers
  • Traders

Related terms

Use the related links below to continue through connected finance terminology.

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