It is estimated using the expected value or most likely amount method and included in revenue only to the extent that a significant reversal is highly unlikely. Year-end volume rebates and rights of return are the most common examples in Turkey.
Source: TFRS 15
Related terms
Revenue from contracts with customers (TFRS 15)The standard requiring revenue to be recognised to depict the transfer of goods or services to customers, at the amount the entity expects to be entitled to.RevenueIncome arising in the course of an entity's ordinary activities.Accounting estimatesThe determination by management judgement of amounts that cannot be measured precisely, such as provisions, useful lives, expected credit losses and fair values.Accounting policiesThe specific principles, bases, conventions, rules and practices an entity applies in preparing its financial statements.Accrual basis of accountingThe principle of recording transactions as income, expenses, assets and liabilities in the period in which they occur, rather than when cash is received or paid.Allowance for doubtful receivablesAn allowance made for receivables whose collection has become doubtful, recognising the expected loss as an expense.
Last updated: November 8, 2026 · This definition is for general information only.