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Matching Concept

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Matching concept
The accounting principle that requires the recognition of all costs that are associated with the generation of the revenue reported in the income statement.
Accrual Accounting
A system of accounting that recognizes revenue and matches it with the expenses that generated that revenue. Unlike other systems of accounting, which recognize revenue and expenses in the order in which they are received, the accrual accounting convention ignores the function of time and only considers what expenses generate what revenues, even if payments have not actually been made. Companies with inventories are required to use the accrual method for tax purposes.
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[ILLUSTRATION OMITTED] When it comes to matching concepts with franchisees, in the past there was no substitute for the International Franchise Association's trade show trio of the International Franchise Expo, West Coast Franchise Expo and Franchise Expo South.
Central Virginia expo expands trade show venues: new trade show ... by Goldstein, Joel / Franchising World
EXECUTIVE SUMMARY * The matching concept is often used to test whether a particular accounting method clearly reflects income.
Matching deductions to payments: payer/payee rules are not always ... by Turner, Mark A. / Journal of Accountancy
As a result, many employers are considering using a matching concept, similar to the match used in their qualified retirement plan.
HSAs and retirement plans: employers should tailor their ... by Ripperger, Jerry L. / Best's Review
 
 
 
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