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Accrual Accounting Convention

The financial definition for Accrual Accounting Convention:

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.




Similar Matches

Accounting earnings

Accounting earnings
Earnings of a firm as reported on its income statement.


Accounting insolvency

Accounting insolvency
Total liabilities exceed total assets. A firm with a negative net worth is insolvent on the books.


Accounting liquidity

Accounting liquidity
The ease and quickness with which assets can be converted to cash.


Further Suggestions

Average accounting return
Cost accounting
Financial Accounting Standards Board (FASB)
Generally Accepted Accounting Principles (GAAP)
Historical Cost Accounting Convention
Inflation accounting
Purchase accounting


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