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Accrual accounting

• The process of recognizing, in the financial statements, revenue when it is earned and expenses as they are incurred regardless of when the cash changes hands

 
 Embedded terms in definition
 Cash
Expenses
Financial statement
 
 Related Terms
 

<< Accretion of a discount Accrual basis >>

Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

In prosperity our friends know us; in adversity we know our friends. - Churton Collins

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