Due to the nature of accrual accounting, retained earnings do not represent surplus cash available to a company.
2.
Such accrual accounting guards against overspending.
3.
Based on the matching principle of accrual accounting, revenues and associated costs are recognized in the same accounting period.
4.
Section 413.24 does not, simply by its accrual accounting requirement, bind the Secretary to make reimbursements according to GAAP.
5.
The figures are calculated using accrual accounting principals, which take into account assets and liabilities, non-spending items and future liabilities.
6.
Section 413 . 24 does not, simply by its accrual accounting requirement, bind the Secretary to make reimbursements according to GAAP.
7.
The budget saw another large surplus, which was enhanced by a shift to more stringent accrual accounting announced in the budget.
8.
This approach is called accrual accounting, meaning that obligations are recognized when they are acquired, or accrued, rather than when they are paid.
9.
They may use either of two accounting methods : accrual accounting, or cost accounting, or a combination of the two ( OCBOA ).
10.
By contrast, many businesses and some other national governments have adopted forms of accrual accounting, which recognizes obligations and revenues when they are incurred.
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