Table of Contents
What is realization in finance?
What is Realization in Accounting? Realization is the point in time when revenue has been generated. Realization is a key concept in revenue recognition. Realization occurs when a customer gains control over the good or service transferred from a seller.
Is realization a feeling?
noun Perception of the reality or real existence of something; a realizing sense or feeling: as, the realization of one’s danger. noun Also spelled realisation .
How is billing realization calculated?
Realization \% is calculated by taking the Total Billed Hours (or hours billed to customers) divided by the Total Billable Hours. The result defines what percentage of time the resource is working to bring revenue into the business.
What is profit realization?
Profit realization is understood to mean showing interim profits. Interim profits arise when the revenue in a period is greater than the cost of sales and the difference is shown as a profit even though further revenues and costs are expected.
What is the opposite of realization?
realization. Antonyms: antepast, anticipation, apprehension, expectancy, expectation, foreboding, forecast, foresight, foretaste, forethought, hope, presentiment, prevision. Synonyms: astonishment, consummation, despair, doubt, doubt, dread, enjoyment, fear, surprise, wonder.
What is the difference between Realised and realized?
Both are common throughout the English-speaking world, though in different areas. Realize is preferred in American and Canadian English, while realise is preferred outside North America. You can find more details about these spelling differences below.
What is budget realization?
The realization rate is the proportion of billable hours at standard billing rates to the amount that is actually billed to clients. Realization rates can be reported by individual, partner, office, or practice group.
What is a good realization rate for an associate?
Obviously, your goal is to reach a realization rate of 100\% or higher for each case or project. Any increase in realization rate adds profit to the firm’s bottom line.
What is the definition of realization costs?
Definition of Realization Costs. Realization Costs means, with respect to a Loan Facility, the reasonable out-of-pocket costs and expenses incurred by Lender or Ex-Im Bank after the occurrence of an Event of Default in connection with sale or collection of the Collateral, such as the fees and expenses of auctioneers, brokers and collection agents.
What does realization rate mean in billing?
Realization rate. June 14, 2018/. The realization rate is the proportion of billable hours at standard billing rates to the amount that is actually billed to clients. For example, an attorney’s standard rate is $300/hour, and she works 140 billable hours in a month. Thus, her monthly billing at her standard rate is $42,000.
What is the difference between utilization rate and realization rate?
Realization Rate. Realization differs from utilization in that it is tied directly to revenue and billable time. Realization \% is calculated by taking the Total Billed Hours (or hours billed to customers) divided by the Total Billable Hours. The result defines what percentage of time the resource is working to bring revenue into the business.
How do you calculate revenue realization percentage?
Realization \% is calculated by taking the Total Billed Hours (or hours billed to customers) divided by the Total Billable Hours. The result defines what percentage of time the resource is working to bring revenue into the business. Example: Of 1920 hours worked, 1800 were billable hours.