Accruals concept: Difference between revisions

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''Financial reporting - accounting concepts''.
''Financial reporting - accounting concepts''.


The principle that:
The principle that:
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should be included in the same period's profit or loss account or income statement.
should be included (recognised) in the same period's profit or loss account or income statement.




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* [[Accounting]]
* [[Accounting]]
* [[Accounting concepts]]
* [[Accounting concepts]]
* [[Accrual]]
* [[Accruals]]
* [[Accruals accounting]]
* [[Accruals accounting]]
* [[Accruals basis]]
* [[Consistency]]
* [[Consistency]]
* [[Disaggregation]]
* [[Disaggregation]]
* [[Financial reporting]]
* [[Financial statements]]
* [[Going concern]]
* [[Going concern]]
* [[Income statement]]
* [[Income statement]]
* [[Matching]]
* [[Profit and Loss account]]
* [[Profit and Loss account]]
* [[Prudence]]
* [[Prudence]]
* [[Recognition]]
* [[True and fair view]]


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

Latest revision as of 19:16, 21 December 2020

Financial reporting - accounting concepts.


The principle that:

  • Revenues, profits and
  • The associated costs incurred while earning them


should be included (recognised) in the same period's profit or loss account or income statement.


Also known as Matching.


See also