https://www.taxtmi.com/news?id=15408 Prescribes principles and methods for measurement, treatment, assignment, presentation and disclosure of revenue in cost statements, requiring revenue from goods and services to be measured by net sales realization separately by unit, location and product/service type, adjusted for returns, discounts, indirect taxes and time value of money where applicable; treats by product realizations net of further processing and adjusted against joint costs; excludes other income from cost account profit; treats export incentives as revenue from operations; assigns revenue where economically feasible; and mandates specified presentation and disclosures. en-us Wed, 30 Dec 2015 16:10:37 +0530 Wed, 30 Dec 2015 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15408 Prescribes principles and methods for measurement, treatment, assignment, presentation and disclosure of revenue in cost statements, requiring revenue from goods and services to be measured by net sales realization separately by unit, location and product/service type, adjusted for returns, discounts, indirect taxes and time value of money where applicable; treats by product realizations net of further processing and adjusted against joint costs; excludes other income from cost account profit; treats export incentives as revenue from operations; assigns revenue where economically feasible; and mandates specified presentation and disclosures. News - Wed, 30 Dec 2015 16:10:37 +0530 https://www.taxtmi.com/news?id=15408