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QUESTION: We are looking at executive compensation in the Assessor Series products and want to know whether revenue is "gross" or "net"?

 

In general, the revenue value shown in the Assessor Series products is gross revenue.

 

The Assessor Series products draw their revenue information from several sources depending on which Assessor Series product is involved. Sources include 10-K (Annual Reports) and proxies (used by for-profit organizations), Form 990s (for nonprofit entities), executive compensation surveys, etc. The size numbers will match the criteria defined by the reporting form.

 

While accounting practices may differ among organizations, most entities follow generally accepted accounting standards. The revenue values used in the Assessor Series products are "actual revenue," the  revenue actually received (as opposed to "expected revenue"), as reported by the organizations to the Securities and Exchange Commission, to the IRS, or through executive salary surveys.

 

Please refer to the following websites for specific definitions of revenue terms:

 

www.irs.gov/instructions (US Form 990s, 990-EZs, and 990-PFs)

www.sec.gov/edgar.shtml (US 10-Ks and proxies)

www.canada.ca/en/revenue-agency/services/forms-publications/current-income-tax-information-circulars-6.html (Canadian information circulars)

www.bls.gov/bls/other.htm (listing of international statistical agencies)