Revenue is the most important element of income obtained by enterprises within the scope of their main commercial activities. As a result of different accounting practices in different countries, the recognition and reporting of revenue in the financial statements may vary. In particular, “International Accounting Standards (IAS)” and “International Financial Reporting Standards (IFRS)”, which were put into effect in order to ensure unity of practice in accounting transactions worldwide, have guided each country to prepare its own financial reporting framework. In this context, Turkey has started to develop the Turkish Financial Reporting Framework, which takes IAS/IFRS as a reference. The first pillar of this framework was constituted by TAS/TFRS. Subsequently, the “Financial Reporting Standards for Large and Medium-Sized Enterprises (BOBI FRS)” and the “Financial Reporting Standards for Small and Micro-Sized Enterprises (KUMI FRS)” were introduced respectively. The purpose of this study is to explain the principles of revenue recognition from the sale of goods and provision of services within the framework of the regulations in BOBI FRS and KUMI FRS and to provide guidance to both accounting professionals and other segments through sample applications.