What is Deferred Revenue?
Deferred Revenue A liability account representing income received before the related goods or services have been delivered, requiring recognition as revenue in future periods per IFRS 15 and US GAAP.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Deferred Revenue” Used in Practice?
Deferred revenue is recorded when payment is received in advance of delivering products or services, in compliance with accrual accounting standards.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Deferred Revenue?
A liability account representing income received before the related goods or services have been delivered, requiring recognition as revenue in future periods per IFRS 15 and US GAAP.
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