realization principle

Realization Principle

In accounting, a principle stating that a company can realize revenue only when it earns revenue.

realization principle

An accounting standard that recognizes revenue only when it is earned. Generally, realization occurs when goods are sold or a service is rendered.
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SAB 101 contained supplemental criteria to determine whether the reporting of revenue satisfied the realization principle.
Revenue recognized at delivery or date of sale occurs when the realization principle is met, meaning the goods or services have been delivered or provided to the customer and either cash is received or an account receivable with reasonable assurance of collectability is recorded.
Revenue recognized at delivery or date of sale occurs when the realization principle is met meaning that the goods or services have been delivered or provided to the customer and either cash is received or an account receivable with reasonable assurance of collectability is recorded.
This paper argues against the realization principle, which reifies the realization relation between lower-level and higher-level properties.
The realization principle is usually said to arise out of the practical consideration that the annual changes in the fair market value of wealth that would be reckoned under an ideal Simons income tax are often difficult or impossible to ascertain.
The realization principle operates to defer the tax reckoning of an increase or decrease in wealth due to flunking one or both of the prerequisites discussed in the preceding paragraph.
There the issue is whether a present economic loss is deemed to satisfy the realization principle in spite of the general realization rule that changes in wealth with respect to existing assets are not to be reckoned until disposition.
99) Indeed, if the debt principal cannot be ascertained, then accrual (at present value) would violate the realization principle (100) and that would be an independent reason (apart from the cash-flow approach) to account for liabilities of this type on the cash method.
181) At the doctrinal level, bad-debt reserves violate the realization principle, because they allow current deductions for future contingent losses.
Justice Iacobucci, the inventory valuation method of lower of cost and market was an exception to the realization principle which applied only to stock-in-traders engaged in carrying on business.
APPLYING HEALTH REALIZATION PRINCIPLES TO POSITIVE PSYCHOLOGY
This book presents practical design guidelines for the creation of non-numeric, autonomous cognitive machines, examining in detail component parts, realization principles and providing real-world examples for designers, researchers and advanced students in the field.