Deferred revenue, which is also referred to as unearned revenue, is listed as a liability on the balance sheet because, under ...

and deferred revenue. Businesses are rarely cash-only these days. They often sell products or services now and get paid later. In accrual accounting, these uncollected revenues need to be ...

Since basic fund accounting is driven by the need to classify resources, this chapter also covers revenue accounting. Generally accepted accounting principles (GAAP) is a technical accounting term ...