http://netvouz.com/lovelylovely/tag/unearned_income?feed=rss lovelylovely's bookmarks tagged "unearned_income" on Netvouz http://www.montrealfinancial.ca/blog/deferred-revenue-and-its-impact-on-your-small-business.html Essentially (and quite simply) deferred revenues represent sales that are invoiced to customers now for goods or services to be provided at a later date. Revenue recognition principles dictate that, unless the sale has actually occurred, the revenue cannot be recognized. In other words these amounts must be reflected as deferred revenues. Once the product or service has been delivered or performed, the deferred revenue is then considered to be an actual sale/revenue. lovelylovely Tue, 20 Dec 2011 08:58:19 GMT