The amounts earned from a company's core business operations. TO TOP

A term used loosely to describe the income sources of a corporation, i.e., sales and other income before any costs or expenses are deducted.

Increases in a company's resources from the sale of goods or services.

Money earned through reimbursements paid for covered services.

These are the sources of income to fund state government, including revenues from various taxes such as individual and corporate income taxes and from interest income from state investments.

Government revenue is money received by a government from external sources net of refunds and other correcting transactions, other than from the issuance of debt, liquidation of investments, and as agency and probate trust transactions. Government revenue excludes noncash transactions such as receipt of services, commodities, or other receipts in kind. (House Fiscal Analysis Department: Dictionary of U.S. Gov't. Statistical Terms)

The full accrual income arising from operations during the year, recorded in the Statement of Financial Performance. Controlled revenues include revenue from the State Government in the form of payments for outputs, and own-source revenue such as Specific Purpose Payments from the Commonwealth and user charges. Administered revenues are revenues which are forwarded to the Consolidated Fund, and generally comprise taxes, fees and fines, royalty revenues and general purpose Commonwealth grants.

All funds received from external sources, net of refunds, and correcting transactions. Noncash transactions such as receipt of services, commodities, or other receipts "in kind" are excluded, as are funds received from the issuance of debt, liquidation of investments, and nonroutine sale of property.

The price of goods sold and services rendered over a specific period of time. Increases in owner's equity that result from operating a business.

The inflow of resources or other enhancement of net assets (or fund balance) of an institution or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the institution's ongoing major or central operations. Includes revenues from fees and charges, appropriations, auxiliary enterprises, and contributions and other nonexchange transactions. Revenues are reported net of discounts and allowances (that is, the revenue reported is reduced by the amount of discounts and allowances) for FASB institutions and for GASB institutions that have implemented GASB Statement No. 34.

(1) Increases in the net current assets of a governmental fund type from other than expenditure refunds and residual equity transfers. Also general long-term debt proceeds and operating transfers are in classified as "other financing sources" rather than as revenues. (2)Increases in the net total assets of a proprietary fund type from other than expense refunds, capital contributions and residual equity transfers. Also operating transfers in are classified separately from revenues.

inflows or other enhancements, or savings in outflows, of future economic benefits in the form of increases in assets or reductions in liabilities of Defence, other than those relating to contributions by the Commonwealth, that result in an increase in equity during the reporting period.