BBFA2203 :

INTERMEDIATE
FINANCIAL
ACCOUNTING 1

TOPIK 1 : REVENUE RECOGNITION

REVENUE (MFRS 118)

– SALES VALUE OF GOODS AND SERVICES SUPPLIED TO CUSTOMERS.

– MFRS 118, THE GROSS INFLOW OF ECONOMIC BENEFITS DURING THE PERIOD
ARISING IN THE COURSE OF THE ORDINARY ACTIVITIES OF AN ENTERPRISE
WHEN THOSE INFLOWS RESULT IN INCREASE IN EQUITY, OTHER THAN INCREASE
RELATING TO CONTRIBUTIONS FROM EQUITY PARTICIPANTS.
– Hasil adalah aliran masuk kasar manfaat ekonomi dalam tempoh di mana
berlakunya aktiviti rutin/biasa sesebuah entiti di mana aliran masuk ini akan
meningkat ekuiti selain peningkatan yang berkaitan dengan sumbangan
daripada pemegang ekuiti.
MEASUREMENT OF
REVENUE
– Fair value is the amount for which an asset could be exchanged, or a
liabilitysettled, between knowledgeable, willing parties, in an arm’s length
transaction.
REVENUE RECOGNITION

Figure 1.1: Operating cycle of a – According to MFRS, revenue is

trading company recognised when it is probable that
future economic benefit will flow
to the enterprise and such benefit
can be measured reliably.
– Hasil diiktiraf apabila terdapat
kemungkinan bahawa manfaat
ekonomi masa depan akan
mengalir masuk ke dalam entiti
dan manfaat ini boleh diukur
secara guna pasti.