Net Revenue (Net Sales): Also known as net sales ... Revenue does not account for expenses, meaning a company with high revenue may still be unprofitable if its costs exceed earnings.

Does Gross Revenue Mean Profit? Gross revenue is the dollar value of the total sales made by a company in one period before deduction expenses. This means it is not the same as profit because ...

This is “netting revenue against expense” and is a violation of GAAP. The Revenue Definition and Recognition section of OUC's Accounting Handbook provides guidance on revenue accounting for CU. The ...