Accrual Basis Accounting
Definition: Recognizes revenue when earned and expenses when incurred
Scope:BroadDifficulty:Easy
Part of: Financial Accounting
Recognizes revenue when earned and expenses when incurred
StandardsGAAP, IFRS
CertificationsCPA
GeographyRequired for public companies worldwide
Related Subjects
See Also
- Financial AccountingPart of Financial Accounting
External Links
- Accrual — Wikipedia