What does Accrual Basis mean?
An accounting method where revenue and expenses are recorded in the period in which they occur, rather than when cash changes hands.
GAAP requires most companies to use the accrual basis of accounting for their financial statements.
Accrual Basis in German, French, Spanish and Italian
GermanPeriodenabgrenzung
Buchführung nach dem Prinzip der zeitlichen Abgrenzung.
Frenchcomptabilité d'engagement
Méthode comptable basée sur les engagements plutôt que sur les flux financiers.
Spanishprincipio de devengo
also base de acumulación
Método que reconoce los hechos económicos en el momento en que suceden.
Italianprincipio di competenza
Criterio di registrazione basato sulla maturazione economica dei fatti gestionali.
Synonyms and opposites for Accrual Basis
- Synonym Accrual accounting
- Opposite Cash basis