Accruals accounting - Revision history

Doug: Add link.

2024-08-20T17:31:21Z

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2024-06-05T09:22:22Z

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← Older revision		Revision as of 09:22, 5 June 2024
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	''Financial reporting - accruals concept''.		''Financial reporting - accruals concept''.

	Accruals accounting means accounting by applying the accruals concept of including revenues, profits - and the associated costs incurred while earning - ~~them~~ in the same accounting period's profit or loss account or income statement.		Accruals accounting means accounting by applying the accruals concept of including revenues, profits - and the associated costs incurred while earning them - in the same accounting period's profit or loss account or income statement.

	For example, the total cost of an asset with a long useful life is spread for accounting purposes over the whole of its useful life.		For example, the total cost of an asset with a long useful life is spread for accounting purposes over the whole of its useful life.

2024-06-02T13:07:35Z

Layout.

← Older revision		Revision as of 13:07, 2 June 2024
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	''Financial reporting - accruals concept''.		''Financial reporting - accruals concept''.

	Accruals accounting means accounting by applying the accruals concept of including revenues, profits and the associated costs incurred while earning them in the same accounting period's profit or loss account or income statement.		Accruals accounting means accounting by applying the accruals concept of including revenues, profits - and the associated costs incurred while earning - them in the same accounting period's profit or loss account or income statement.

	For example, the total cost of an asset with a long useful life is spread for accounting purposes over the whole of its useful life.		For example, the total cost of an asset with a long useful life is spread for accounting purposes over the whole of its useful life.

2022-07-23T19:06:29Z

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2021-11-02T17:14:24Z

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	* [[Going concern]]		* [[Going concern]]
	* [[Income statement]]		* [[Income statement]]
			* [[Matching]]
	* [[Profit and Loss account]]		* [[Profit and Loss account]]
	* [[Prudence]]		* [[Prudence]]

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

2021-08-09T23:46:14Z

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2020-09-10T11:17:07Z

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← Older revision		Revision as of 11:17, 10 September 2020
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	''Financial reporting''.		''Financial reporting - accruals concept''.

	Accruals accounting means accounting by applying the accruals concept of including revenues, profits and the associated costs incurred while earning them in the same accounting period's profit or loss account or income statement.		Accruals accounting means accounting by applying the accruals concept of including revenues, profits and the associated costs incurred while earning them in the same accounting period's profit or loss account or income statement.
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	* [[Consistency]]		* [[Consistency]]
	* [[Disaggregation]]		* [[Disaggregation]]
			* [[Financial reporting]]
	* [[Going concern]]		* [[Going concern]]
	* [[Income statement]]		* [[Income statement]]

2020-08-08T22:30:50Z

Layout.

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	For example, the total cost of an asset with a long useful life is spread for accounting purposes over the whole of its useful life.		For example, the total cost of an asset with a long useful life is spread for accounting purposes over the whole of its useful life.


	Contrasted with the cash basis of accounting, which takes account only of receipts and payments in the accounting period.		Contrasted with the cash basis of accounting, which takes account only of receipts and payments in the accounting period.

2019-12-11T09:16:25Z

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← Older revision		Revision as of 09:16, 11 December 2019
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	''Financial reporting''.		''Financial reporting''.

	Accruals accounting means accounting by applying the accruals concept of including revenues, profits and the associated costs incurred while earning them the same accounting period's profit or loss account or income statement.		Accruals accounting means accounting by applying the accruals concept of including revenues, profits and the associated costs incurred while earning them in the same accounting period's profit or loss account or income statement.

	For example, the total cost of an asset with a long useful life is spread for accounting purposes over the whole of its useful life.		For example, the total cost of an asset with a long useful life is spread for accounting purposes over the whole of its useful life.

2019-11-28T05:45:21Z

Add example.

← Older revision		Revision as of 05:45, 28 November 2019
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	Accruals accounting means accounting by applying the accruals concept of including revenues, profits and the associated costs incurred while earning them the same accounting period's profit or loss account or income statement.		Accruals accounting means accounting by applying the accruals concept of including revenues, profits and the associated costs incurred while earning them the same accounting period's profit or loss account or income statement.

			For example, the total cost of an asset with a long useful life is spread for accounting purposes over the whole of its useful life.

	Contrasted with the cash basis of accounting, which takes account only of receipts and payments in the accounting period.		Contrasted with the cash basis of accounting, which takes account only of receipts and payments in the accounting period.
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	* [[Accrual]]		* [[Accrual]]
	* [[Accruals concept]]		* [[Accruals concept]]
			* [[Assets]]
	* [[Consistency]]		* [[Consistency]]
	* [[Disaggregation]]		* [[Disaggregation]]