See Also: Accrual Accounting Convention(money)
Accrual accounting convention(finance)
Accrual Accounting(money)
Historical Cost Accounting Convention(money)
Historical cost accounting convention(finance)
Accrual(finance)
Accrual rate(finance)
Accrual bond(finance)
Accrual basis(finance)
Accrual basis(money)

Accrual Accounting Convention (money)


Definition: [crh] An accounting system that tries to match the recognition of revenues earned with the expenses incurred in generating those revenues. It ignores the timing of the cash flows associated with revenues and expenses.