Publication Year


ISBN: 9781552213247-06

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Measurement of Income

From: Understanding Financial Statements


Discusses the measurement of income, focusing on account principles, net income, measurement and timing, revenue realization, revenue recognition, Canadian GAAP, accrual, matching, conservatism, accounting statements, double-entry bookkeeping, accounting methods, cash versus accrual accounting, accounting adjustments and other accounting methods.



Vern Krishna

Vern Krishna, CM, QC, FRSC, FCGA, MCIArb, earned a B Comm (Manchester), MBA, LLB (Alberta), DCL (Cambridge) and LLM (Harvard). He is a professor at the University of Ottawa Faculty of Law. He is also of Counsel, Borden Ladner Gervais LLP and Executive Director of the Tax Research Centre at the University of Ottawa. Professor Krishna is a member of the Order of Canada and a Fellow of the Royal Society. He has been a Bencher of the Law Society of Upper Canada since 1991 and served as its Treasurer from 2001–03.