For which type of revenue would the criteria for recognizing a receivable differ from the criteria for recognizing revenue under accrual accounting?

When considering the recognition of revenue and receivables, imposed nonexchange revenues are distinct because they involve payments that entities are mandated to pay due to law or regulation, such as taxes and fines. The criteria for recognizing a receivable in this context differ from standard accrual accounting because they are recognized based on the legislation or legal requirements rather than simply when the revenue is earned or realizable.

Under accrual accounting, revenue is generally recognized when it is earned and realizable; however, with imposed nonexchange revenues, the recognition is closely tied to the underlying statutory requirements. For example, a government may recognize tax revenue when the tax is levied rather than waiting for the actual collection of cash or when the services related to the revenue are rendered. This reflects the unique nature of these transactions, where the focus is on the legislative framework that dictates when the revenue can be recorded.

In contrast, derived tax revenues, government-mandated nonexchange transactions, and voluntary nonexchange transactions tend to align more closely with general principles of accrual accounting, where the recognition of revenue is often based on the fulfillment of conditions or the exchange of goods and services. Therefore, the recognition of receivables for imposed nonexchange revenues indeed showcases a fundamental variation in criteria from