<Table> <Tr> <Th> Accounting </Th> </Tr> <Tr> <Td> </Td> </Tr> <Tr> <Td> <Ul> <Li> Historical cost </Li> <Li> Constant purchasing power </Li> <Li> Management </Li> <Li> Tax </Li> </Ul> </Td> </Tr> <Tr> <Td> Major types (show) <Ul> <Li> Auditing </Li> <Li> Cost </Li> <Li> Forensic </Li> <Li> Financial </Li> <Li> Fund </Li> <Li> Governmental </Li> <Li> Management </Li> <Li> Social </Li> <Li> Tax </Li> </Ul> </Td> </Tr> <Tr> <Td> Key concepts (show) <Ul> <Li> Accounting period </Li> <Li> Accrual </Li> <Li> Constant purchasing power </Li> <Li> Economic entity </Li> <Li> Fair value </Li> <Li> Going concern </Li> <Li> Historical cost </Li> <Li> Matching principle </Li> <Li> Materiality </Li> <Li> Revenue recognition </Li> <Li> Unit of account </Li> </Ul> </Td> </Tr> <Tr> <Td> Selected accounts (show) <Ul> <Li> Assets </Li> <Li> Cash </Li> <Li> Cost of goods sold </Li> <Li> Depreciation / Amortization </Li> <Li> Equity </Li> <Li> Expenses </Li> <Li> Goodwill </Li> <Li> Liabilities </Li> <Li> Profit </Li> <Li> Revenue </Li> </Ul> </Td> </Tr> <Tr> <Td> Accounting standards (show) <Ul> <Li> Generally - accepted principles </Li> <Li> Generally - accepted auditing standards </Li> <Li> Convergence </Li> <Li> International Financial Reporting Standards </Li> <Li> International Standards on Auditing </Li> <Li> Management Accounting Principles </Li> </Ul> </Td> </Tr> <Tr> <Td> Financial statements (show) <Ul> <Li> Annual report </Li> <Li> Balance sheet </Li> <Li> Cash - flow </Li> <Li> Equity </Li> <Li> Income </Li> <Li> Management discussion </Li> <Li> Notes to the financial statements </Li> </Ul> </Td> </Tr> <Tr> <Td> Bookkeeping (show) <Ul> <Li> Bank reconciliation </Li> <Li> Debits and credits </Li> <Li> Double - entry system </Li> <Li> FIFO and LIFO </Li> <Li> Journal </Li> <Li> Ledger / General ledger </Li> <Li> T accounts </Li> <Li> Trial balance </Li> </Ul> </Td> </Tr> <Tr> <Td> Auditing (show) <Ul> <Li> Financial </Li> <Li> Internal </Li> <Li> Firms </Li> <Li> Report </Li> </Ul> </Td> </Tr> <Tr> <Td> People and organizations (show) <Ul> <Li> Accountants </Li> <Li> Accounting organizations </Li> <Li> Luca Pacioli </Li> </Ul> </Td> </Tr> <Tr> <Td> Development (show) <Ul> <Li> History </Li> <Li> Research </Li> <Li> Positive accounting </Li> <Li> Sarbanes--Oxley Act </Li> </Ul> </Td> </Tr> <Tr> <Td> Business portal </Td> </Tr> <Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> </Table> <Tr> <Th> Accounting </Th> </Tr> <Tr> <Td> <Ul> <Li> Historical cost </Li> <Li> Constant purchasing power </Li> <Li> Management </Li> <Li> Tax </Li> </Ul> </Td> </Tr> <Ul> <Li> Historical cost </Li> <Li> Constant purchasing power </Li> <Li> Management </Li> <Li> Tax </Li> </Ul>

When is revenue recognized on an income statement