REVENUE PRINCIPLE Definition

Bookmark and Share

REVENUE PRINCIPLE is where revenues are recorded when they are earned regardless of timing of cash receipts.

Learn new Accounting Terms

SG&A refers to the indirect overhead costs contained within the Sales, General and Administrative expense/cost categories. Generally, SG&A expenses of <30% are exceptional, while SG&A approaching 100% indicates a highly competitive industry. Consistency of SG&A is key.

TERM ENDOWMENT are endowments with time restrictions required by the donor such as a restriction that the income from the endowment may not be utilized until a future period or a specific date for condition is met.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.