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While recognizing Revenue of a project having life of over ONE Year, it gives a tough time to adjust accrued income against revenues, therefore there would be need to exe ... See More
our annual budget consists of revenues and expenses recipe is the income that increases the account expenditure is all operation that must be spent from the credit to the ... See More
Its cumbersome to account for accrued revenues for big projects running for more than one year eg construction projects
Assess the extent of revenue and accounting cash flow
If your have also history for revenue you can implement your potintioal revenue according your exppert also.
It all depends on tax brackets, and how revenues are collected against what is claimed.
You kind of have to look at all of the above. Knowing how many employees, the type of employees, the industry, services/product provided, current customers, etc give you ... See More
preparing cash flow statement using the information of balance sheets and income statemnets