Higher Education is hereby authorized to execute and administer contracts for. construction, repair, renovation, and maintenance projects, including all. aspects of project management, design, construction, and legal and. administrative services related to and necessary for the completion of projects.
What is 'Annualized Income' Annualized income is an estimate of the amount of money that an individual or a business generates over the course of a year. Annualized income is calculated with less than one year's worth of data, so it is only an estimate of total income for the year, and annualized income figures can be helpful for creating budgets and making estimated income tax payments.
The objective of IAS 18 is to prescribe the accounting treatment for revenue arising from certain types of transactions and events. Key definition Revenue: the gross inflow of economic benefits (cash, receivables, other assets) arising from the ordinary operating activities of an entity (such as sales of goods, sales of services, interest, royalties, and dividends).