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  • noun

Synonyms for accrual

the act of accumulating

References in periodicals archive ?
Industry therefore clearly expressed its desire for an improved procurement process- one that has a much more predictable funding mechanism applied to it- and that is what this new accrual accounting system delivers.
While the benefit to accrual accounting is the timely recognition of the revenue when the service was provided, the downside is that much of those billings might actually be paid over 90 days, and some of those billings may go unpaid by the insurance company or the patients, which would require adjustments in later months.
There are several important reasons that the emerging country of Turkey represents an interesting and important case of policy transfer, including (for example) the implementation of accrual accounting at the local government level.
The Cert IPSAS in Arabic provides a foundational learning on the basics of IPSAS, the key principles of accrual accounting in the context of the public sector, and equally important promotes awareness of Arabic technical accounting IPSAS terminology," added Mohammad Jallad, Audit Partner, Deloitte in the Middle East.
The authors state: "Arab central governments show promising progress in the accrual accounting International Public Sector Accounting Standards (IPSAS) adoption programmes, which have so far led to updating relevant laws and regulations, redesigning charts of accounts, developing new accounting policies and processes and implementing financial management information systems.
This is in sharp contrast with the principles of accrual accounting and FASB's standards, which require that any deviations from prior benefit formulas be explicitly calculated due to the different amortization period for these types of expenses.
Among the NPM provisions we find the introduction of the accrual accounting in the public sector at the expense of the cash accounting.
By providing a more comprehensive and fair view of the financial position of governments, accrual accounting (one of the principles of the IPSAS) is a tool to reduce uncertainty for rating agencies and other users of financial statements.
As Lapsley, mussari and Paulsson (2009) point out, in the world of public sector accounting, the adoption of accrual accounting is self-evident and has been encouraged by the recommendations of international organizations such as the international Public sector accounting standards Board (IPSASB) and the OECD.
What justifies the double standard whereby a government compels private companies to be transparent and accountable, when it avoids using accrual accounting itself -- despite having bonds traded on the capital markets?
Forcing certain businesses to use accrual accounting, which recognizes revenue when it is billed and expenses when they are incurred, would accelerate a CPA firm's tax liability and place a higher tax burden on partners.
Many advanced economies follow accrual accounting, in which income and expenses are recorded as they occur regardless of whether cash has actually changed hands.
Until the adoption of accrual accounting, accounting events disclosed in financial statements were conducted by cash-basis accounting.
TO assess whether these budget numbers are sufficient to cover DND's acquisition plans, it is necessary first to examine the diligence between cash-based accounting and accrual accounting.
This model has evolved since its original introduction (see Chan, Jones, and Luder 1996) and has been used in other research in accounting history as a tool for interpreting and explaining changes in government accounting, most notably the adoption of accrual accounting (Caba-Perez, Lopez-Hernandez, and Ortiz-Rodriguez 2009; Christensen 2002).