accrual method

Taxpayers may choose or be required to use the accrual method for some activities.

The daily accrual method is commonly used in the UK.

Petitioner claimed its accrual method of accounting was not artificial.

This is the accrual method of accounting.

The accruals method has been endorsed by the Association of British Insurance.

Accrual method taxpayers report income when earned and claim deductions when expenses are owed.

The corporation used the accrual method of accounting for federal tax purposes; its fiscal year was the same as the calendar year.

Total shareholders' funds under the accruals method are £2.8bn (v £463m previously declared).

In contrast, some businesses start as accrual method taxpayers because businesses use different rules for recording income and expenditures.

Profits from long-term business under the accruals method totalled £738m, compared with £385m as previously reported.

If mere promises to pay were considered cash equivalents, then there would be little difference between the cash and accrual methods for tax purposes.

Generally, accrual method taxpayers include income in taxable year it is earned, rather than when it is received.

The installment method defers the recognition of income when compared with both the cash and accrual methods of accounting.

While the net worth method and the cash accrual method may be used separately, they are often used in conjunction with one another.

Businesses using the accrual method of accounting may recognize revenue or expense in one period and receive or pay it in another.

Taxpayers recognizing cost of goods sold on inventory must use the accrual method with respect to sales and costs of the inventory.

A taxpayer using the accrual method (accrual basis taxpayer) recognizes income when earned.

Prudential, the UK's largest life company, has announced restated 1991 results for its life and pensions business using the accruals method.

The doctrine is used most often for deciding when cash method (as opposed to accrual method) taxpayers are to include certain non-cash income items.

The accrual method records income items when they are earned and records deductions when expenses are incurred.

This violates traditional accrual method recognition of income and is an exception to the all-events test because the right to income is not yet fixed.

The company said the gain was offset by the adoption of the accrual method of accounting for post-retirement health care benefits of $11.8 million.

The petitioner, an accrual method taxpayer, operated the Chicago White Sox professional baseball franchise using a fiscal year for federal income tax purposes.

This case demonstrates a court determining whether an accrual method taxpayer may deduct liabilities that may or may not be paid in the taxable year.

The Pru is sending a detailed explanation of the accruals method and the full accruals figures for 1991 and 1990 to shareholders.