Accrued Revenue

I. Formal Definition

Revenue earned by performance under a contract but not yet billed to the customer, recognised as a contract asset on the balance sheet. Accrued revenue is the inverse of deferred revenue and arises in arrangements where billing follows performance rather than precedes it. The federation requires accrued revenue to be reported with the underlying performance obligation status, the expected billing date, and the reconciliation to revenue recognised in the period under UFMS-001:5.1. Long-aged accrued revenue without billing is investigated as a process or contract issue.

II. Etymology

A standard term of accrual accounting; the construction was reshaped by ASC 606 and IFRS 15 revenue recognition standards.

III. Federation Usage

Federation members publish accrued revenue with underlying performance obligation status and expected billing date. Long-aged accrued revenue without billing is investigated. The figure is reconciled to revenue recognised under MEV-Annex:6.1 and footnoted in the disclosure pack.

IV. Related Terms

• deferred-revenue
• accounts-receivable
• accruals
• arr

V. Authoritative Citations

• UFMS-001:5.1UFMS Article V - Accrued Revenue
• MEV-Annex:6.1MEV Annex VI - Accrued Revenue Reporting

VI. Citation in BibTeX

@misc{ifo4_glossary_accrued_revenue,
  title        = {{Accrued Revenue}},
  author       = {{IFO4 Federation Editorial Board}},
  howpublished = {{IFO4 Federation Glossary, slug \texttt{accrued-revenue}}},
  year         = {2026},
  url          = {https://ifo4.org/glossary/accrued-revenue},
  note         = {Category: Accounting; key: AccruedRevenue}
}

VII. Challenge This Definition

Federation members and accredited practitioners may challenge any entry under TGS-002:1.7. Filed challenges are routed to the editorial board, triaged into the revision register, and resolved in writing on the public docket. The slug remains stable through any revision.