Cash-method and accrual-method accounting, also known as cash-basis and accrual-basis accounting, are the two main accounting systems. They differ in the point at which a transaction is recognized and ...

Most businesses handle their accounting on an accrual basis. What is accrual basis accounting? It’s the practice of recording transactions at the point of origination, even if no money changes hands ...

The type of accounting method a company chooses will determine how it will record and keep track of finances. According to Entrepreneur.com, the two most basic accounting methods are cash and accrual ...

Editor’s Note: Under the 2017 tax reform legislation, if the taxpayer uses the accrual method of accounting, the “all events test” with respect to any item of income is not treated as met any later ...

Nearly two-thirds of governments worldwide are expected to report on an accrual basis within the next five years, even though only about one-quarter of them do now, according to a new report from the ...

Relatively early in a law firm's existence, a decision is required concerning whether to report financial activities to the Internal Revenue Service on a "cash" or "accrual" accounting basis.

The International Federation of Accountants teamed up with the Institute of Chartered Accountants in England and Wales on the latest installment of an educational series aimed at combating money ...

This paper investigates the impact of public-listing age on the future operating performance of Chinese firms making initial public offerings (IPOs) during the period 1998–2010 and examines whether ...

Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged. The term "accrual" refers to any individual entry recording revenue or expense in the ...