Accounting Basis

Accounting Basis

Any of several systems for recognizing revenue and expenses for accounting purposes. In the United States, the two main bases for accounting are cash accounting and accrual accounting. The cash accounting basis recognizes revenue and expenses in the order in which they are received or made. The accrual basis, on the other hand, matches revenue with the expenses that generated that revenue. Using a different accounting basis can have tax implications.
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On December 11, 2014, Toys announced that its third quarter net loss was $213,000,000, which on a purchase price accounting basis is a net loss of $99,000,000.
00-21, companies generally had been required to recognize revenue from multiple deliverable arrangements on a single unit of accounting basis absent vendor-specific objective evidence (VSOE) or third-party evidence (formerly known as vendor objective evidence) of the fair value of the undelivered items.
NAV calculations are based on a client's primary accounting basis and are inclusive of all accruals and allocations of expense, distribution, and income activity.
The Johannesburg-based bank said that its basic earnings per share were likely to be down by between 30 and 35 percent on an international accounting basis.
The yields on these bonds have soared since the credit crunch first struck, making the position of the schemes appear stronger on an accounting basis than on a funding one, which assumes more prudent investment returns.
accounting basis for the April-September period thanks to brisk earnings from mainstay leasing business.
Consolidated sales from October 1, 2005 through September 30, 2006 Breakdown by quarter In millions of FY FY Change FY 2004/2005 Change on a euros 2005/2006 2004/2005 on a Like-for-like like-for-like under French real under IFRS basis IFRS accounting basis (3) (1) / (3) (1) standards (1) / (2) (2) Ski operations 258.
For true comparability, only estimates using the same accounting basis are included in the mean estimate.
John Hornby, NEC Group chief operating officer, said that reflected a "notional" accounting basis - a local authority mechanism to reflect a charge for the assets that the City of Birmingham financed in the original development of the NEC.
On start-anew business, billing and collections personnel need to communicate with brokers/agents and insureds on an underwriting basis and not an accounting basis.
On a financial accounting basis, given that the 2003/4 financial year was for a 53-week trading period, total like-for-like clothing and home sales in the fourth quarter were down 9.
On its traditional three-year accounting basis, Lloyd's said the initial projection for profits for 2003 was u1.
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