basis of accounting is the time various financial transactions are recorded. The cash basis (EU VAT vocabulary cash accounting) and the accrual basis...

cash method of accounting, also known as cash-basis accounting, cash receipts and disbursements method of accounting or cash accounting (the EU VAT directive...

Revenue recognition Matching principle Accrual basis accounting Deferrals in accounting Accrual accounting in the public sector NetSuite.com (2023-06-16)...

comprehensive basis of accounting (OCBOA) in United States accounting refers to a system of accounting other than GAAP. As explained in the Journal of Accountancy...

International Public Sector Accounting Standards (IPSAS) are a set of accounting standards issued by the IPSAS Board for use by public sector entities...

Generally Accepted Accounting Principles (GAAP or U.S. GAAP or GAAP (USA), pronounced like "gap") is the accounting standard adopted by the U.S. Securities...

sector, 30% of 165 governments surveyed used accrual accounting, rather than cash accounting, in 2020. The notable limitations of accounting standards are...

including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's...

Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals...

whether to debit or credit a specific account, we use either the accounting equation approach (based on five accounting rules), or the classical approach...

maintenance in units of constant purchasing power model is an International Accounting Standards Board approved alternative basic accounting model to the traditional...

are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). They constitute a standardised way of describing...

basis of accounting (Financial Accounting Standards Board, 2014). The going concern assumption is universally understood and accepted by accounting professionals;...

Financial accounting is a branch of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This...

denomination of trade. It is thus a basis for quoting and bargaining of prices. It is necessary for developing efficient accounting systems. Unit of account in...

Inflation accounting comprises a range of accounting models designed to correct problems arising from historical cost accounting in the presence of high inflation...

In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial...

Accounting Standard (abbreviated as Ind_AS) is the accounting standard adopted by companies in India and issued under the supervision of Accounting Standards...

the cornerstone of the entire accounting science. Like any equation, each side will always be equal. In the accounting equation, every transaction will...

In tax accounting, adjusted basis is the net cost of an asset after adjusting for various tax-related items. Adjusted Basis or Adjusted Tax Basis refers...

index of accounting topics. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Accounting ethics - Accounting information system - Accounting research...

services, require cost accounting to track their activities. Cost accounting has long been used to help managers understand the costs of running a business...

in accounting. The dual impact of cash book occurs due to the presence of two sides (entities): Debit and credit. Cash account is the combination of cash...

Positive accounting is the branch of academic accounting research that seeks to explain and predict actual accounting practices. This contrasts with normative...

although auditors may conduct audits of financial statements prepared using the cash basis or some other basis of accounting appropriate for the organization...

December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, which usually corresponds to the fiscal...

Generally Accepted Accounting Principles, or Generally Accepted Accounting Policies. Accounting standards derive from a number of sources. The chief standard-setter...

to our principles…living within your means is the basis of accounting but it hasn't been the basis of football for years now. The owners are asking for...

Look up Basis or basis in Wiktionary, the free dictionary. Basis may refer to: Adjusted basis, the net cost of an asset after adjusting for various tax-related...

Environmental accounting is a subset of accounting proper, its target being to incorporate both economic and environmental information. It can be conducted...