SUMMARY
It is important for revenue recognition to be recognized at the right time for the occurrence of an income generating economy, so as not to cause misinformation presented in the profit and loss statements when making decisions. The purpose of the research to find out how much revenue recognition at PT Madsumaya Indo Seafood is in accordance with PSAK No. 72, and also the presentation of financial statements of PT Madsumaya Indo Seafood has followed the accounting standars applied in Indonesia. The research method is a descriptive qualitative method, which analyzes the recognition of revenue from contracts with customers at PT Madsumaya Indo Seafood and compares it with PSAK 72. And the data types used are primary and secondary data. The result showed that the revenue recognition at PT Madsumaya Indo Seafood is not in line with the statement of Financial Accounting Standars No. 72 on shrimp export sales with payment without letter of credit.