What Is a Revenue Cap Regulation? Revenue cap regulation seeks to limit the amount of total revenue that can be earned by a firm operating in an industry with no or few other competitors. An industry such as this, where one or a few companies control the entire production and sale of a good or
What Is the Revenue Equalization Reserve Fund? The term Revenue Equalization Reserve Fund refers to a sovereign wealth fund set up by the government of Kiribati, an independent republic located in the Pacific Ocean. Kiribati is part of the group of islands known as Micronesia. The fund was established in 1956 when the nation was
What Is a Revenue Officer? A revenue officer is an employee of a government or a public agency who collects delinquent taxes or fees. The job is performed on a case-by-case basis and generally involves directly contacting individuals or businesses that are in arrears on payments. At the federal level, revenue officers are employed by
What Is Revenue Per Available Seat Mile (RASM)? Revenue per available seat mile (RASM) is a unit of measurement commonly used to compare the efficiency of various airlines. It is obtained by dividing operating income by available seat miles (ASM). Generally, the higher the RASM, the more profitable the airline under question. Revenue is represented
What Is Revenue per Employee? Revenue per employee—calculated as a company’s total revenue divided by its current number of employees—is an important ratio that roughly measures how much money each employee generates for the firm. The revenue-per-employee ratio is most useful when looking at historical changes in a company’s own ratio or when comparing it
What Is Revenue Recognition? Revenue recognition is a generally accepted accounting principle (GAAP) that identifies the specific conditions in which revenue is recognized and determines how to account for it. Typically, revenue is recognized when a critical event has occurred, when a product or service has been delivered to a customer, and the dollar amount
What Is the Revenue Regulation Fund (RRF)? The term Revenue Regulation Fund (RRF) refers to a sovereign wealth fund (SWF) established and operated by the government of Algeria. Founded in 2000, it is formally known as the Fond de Regulation des Recettes. It was Africa’s largest sovereign wealth fund. The RRF is funded primarily by
What Is a Revenue Ruling? A revenue ruling is a public decree issued by the Internal Revenue Service (IRS) that essentially has the force of law. A revenue ruling outlines the IRS’s interpretation of the tax laws and is binding on all IRS employees and public taxpayers. Revenue rulings are published in the Internal Revenue
What Is the Revenue Act of 1862? The Revenue Act of 1862 was an expansion of the first U.S. income tax established under the previous Revenue Act of 1861. It was passed to raise additional federal revenue to fund the war against the Confederate States of America during the American Civil War. It is notable
What Is a Reversal? A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not
