Accrual - Revision history

imported>Doug Williamson: Add link.

2022-07-18T14:10:17Z

Add link.

← Older revision		Revision as of 14:10, 18 July 2022
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	* [[Balance sheet]]		* [[Balance sheet]]
	* [[Bookkeeping]]		* [[Bookkeeping]]
			* [[Cash]]
			* [[Cash flow]]
	* [[Deferred income]]		* [[Deferred income]]
	* [[Defined benefit pension scheme]]		* [[Defined benefit pension scheme]]

2022-04-28T15:56:20Z

Add links.

2022-03-07T13:30:17Z

Remove surplus link.

2022-03-07T08:59:00Z

Add links.

2022-01-25T05:14:39Z

Expand first definition.

← Older revision		Revision as of 05:14, 25 January 2022
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	1. ''Financial reporting - balance sheet - liabilities.''		1. ''Financial reporting - balance sheet - liabilities.''

	An amount ~~owing~~ - but not yet invoiced - for:		An amount that we owe - but that has not yet been invoiced to us - for:
	*Services or goods received before the end of the accounting period; or		*Services or goods received before the end of the accounting period; or
	*Other economic benefits enjoyed before the end of the accounting period.		*Other economic benefits enjoyed before the end of the accounting period.

2020-10-29T12:04:43Z

Amend header.

← Older revision		Revision as of 12:04, 29 October 2020
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	1. ''Financial reporting.''		1. ''Financial reporting - balance sheet - liabilities.''

	An amount owing - but not yet invoiced - for:		An amount owing - but not yet invoiced - for:

2020-09-16T10:17:58Z

Expand 1st definition.

← Older revision		Revision as of 10:17, 16 September 2020
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	Accruals may include estimates about the amounts of final future payments, or their likelihood, or both.		Accruals may include estimates about the amounts of final future payments, or their likelihood, or both.


			Also known as an ''accrued expense''.

2020-09-16T09:57:08Z

Expand 2nd definition. Source: linked pages.

← Older revision		Revision as of 09:57, 16 September 2020
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	This is the usual basis for commercial organisations and medium sized and larger not-for-profit organisations.		This is the usual basis for commercial organisations and medium sized and larger not-for-profit organisations.

	Indeed it is mandatory in most financial reporting systems.		Indeed it is mandatory in most financial reporting systems, in order to give a ''true and fair view'' in the financial statements.


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	* [[Defined benefit pension scheme]]		* [[Defined benefit pension scheme]]
	* [[Financial reporting]]		* [[Financial reporting]]
			* [[Financial statements]]
	* [[Income statement]]		* [[Income statement]]
	* [[Liabilities]]		* [[Liabilities]]
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	* [[Prepayments]]		* [[Prepayments]]
	* [[Provision]]		* [[Provision]]
			* [[True and fair view]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:Manage_risks]]		[[Category:Manage_risks]]

2020-09-16T09:53:14Z

Add links.

← Older revision		Revision as of 09:53, 16 September 2020
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	This is the usual basis for commercial organisations and medium sized and larger not-for-profit organisations.		This is the usual basis for commercial organisations and medium sized and larger not-for-profit organisations.

	Indeed it is mandatory in most ~~financialr~~ reporting systems.		Indeed it is mandatory in most financial reporting systems.


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	* [[Deferred income]]		* [[Deferred income]]
	* [[Defined benefit pension scheme]]		* [[Defined benefit pension scheme]]
			* [[Financial reporting]]
	* [[Income statement]]		* [[Income statement]]
	* [[Liabilities]]		* [[Liabilities]]
			* [[Not-for-profit]]
	* [[Prepayments]]		* [[Prepayments]]
	* [[Provision]]		* [[Provision]]

2020-09-16T09:51:11Z

Add 2nd definition. Source: linked pages.

← Older revision		Revision as of 09:51, 16 September 2020
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	1. ''~~Accounting~~.''		1. ''Financial reporting.''

	An amount owing - but not yet invoiced - for:		An amount owing - but not yet invoiced - for:
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	2. ''Pensions.''		2. ''Financial reporting.''

			Any application of the ''accruals basis'' of financial reporting (also known as the ''matching'' basis).

			This is the usual basis for commercial organisations and medium sized and larger not-for-profit organisations.

			Indeed it is mandatory in most financialr reporting systems.


			3. ''Pensions.''

	In a defined benefit pension scheme, the build up over time of entitlement to future benefits, resulting from additional years of pensionable service.		In a defined benefit pension scheme, the build up over time of entitlement to future benefits, resulting from additional years of pensionable service.