Crash Course in Accounting and Financial Statement Analysis, Second Edition

Revenues

Revenues represent proceeds from the sale of goods and services produced or offered by a company. You will see revenues represented on the income statement as revenues, sales, net sales, or net revenues. We’ll explain what is being “netted” out of net revenues shortly. Revenues are referred to colloquially as a company’s “top-line” because they appear at the top of the income statement.