accrual accounting

In accrual accounting, a portion of the expected costs must be taken against each year's reported income.

The Government disagreed, taking the view that accrual accounting was well established.

Discuss the reasons why accrual accounting methods are not appropriate to future decision making.

The danger of accrual accounting is that it leaves room for "creativity."

For that reason, Congress in 1986 required virtually all corporations to adopt accrual accounting.

Norway - Central government is piloting the change to full accrual accounting.

Earnings are calculated using accrual accounting, which indicates the company's profitability "on paper."

The central government and the majority of Indian state governments have accepted the idea of accrual accounting.

The Commission has made further progress in the implementation of accrual accounting, although some weaknesses are still observable.

Under a system of accrual accounting, Social Security would have had to report a loss of approximately $370 billion.

Accrual accounting has already been adopted by agencies, quangos and other 'business-like' organizations of government.

Based on the matching principle of accrual accounting, revenues and associated costs are recognized in the same accounting period.

The possible transition towards accrual accounting has been planned incremental and in phases spanning from 10-12 years.

The Senate Finance Committee's tax bill would force all very large farmers to switch to accrual accounting.

A road map has been prepared for transition from the cash to accrual accounting system and an operational framework for its implementation.

The budget saw another large surplus, which was enhanced by a shift to more stringent accrual accounting announced in the budget.

Strataware has features such as document management, accrual accounting, invoicing, word processing and industry specific registers.

Expenditures, a term preferred over expenses for modified accrual accounting, are recognized when the related liability is incurred.

Sort of like cash vs. accrual accounting."

The matching principle is a culmination of accrual accounting and the revenue recognition principle.

When there are no price changes the income yielded in historic cost accruals accounting is an acceptable measure of performance: more profit implies more success.

Answer guide: Accrual accounting methods primarily evolved from the need to report historical events for internal and external users of accounting information.

To avoid that, the complaints say, Enron shifted the contract from mark-to-market to accrual accounting - a change that avoided reporting the loss.

By contrast, many businesses and some other national governments have adopted forms of accrual accounting, which recognizes obligations and revenues when they are incurred.

The President expressed concern that accrual accounting would "allow a profligate Government to hide its lavish spending under the guise of capital expenditures".