revenue allocation principle since independence
the state with the highest revenue allocation in Nigeria
is the distritution of government or corporate income
revenue recognnition
they don't give even the smallest dime
Accountancy is the means by which financial information is communicated. Basic principles include the cost, matching, revenue and expense principles.
A Revenue Manager in Travel and Tourism industries (Airlines, Hotel, Rent-a-Car...) is somebody who maximise the revenue through the optimisation of the allocation, in others words: the right price, and the right time, at the right quantity.
As of my last update in October 2023, the latest revenue allocation formula varies by context, such as federal or state levels, and can differ based on specific policies or agreements in place. Generally, it involves distributing revenues based on criteria like population, need, and economic activity. For precise and current details on specific revenue allocation formulas, especially in a particular jurisdiction, it's advisable to refer to government resources or recent legislative documents.
R. A. Carr-Hill has written: 'Method for future revenue allocation'
the revenue recognition principle dictates that revenue should be recognized in the accounting records?
Matching principles requires that expenses of one fiscal year is matched by revenue of the same fiscal year.
Apportionment