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.

References in periodicals archive ?

Sales values are quoted on a consolidated accounting basis. Auctions sales included in a given cycle are the sum of all sales between the end of the preceding cycle and the end of the noted cycle.

DE BEERS GROUP ROUGH DIAMOND SALES FOR CYCLE 7, 2019

Management sees this trend resulting in the Company achieving breakeven to positive net and comprehensive income in Q4 2019 on an IFRS accounting basis. In Q1 2020, the Company expects to be revenue positive, along with positive net and comprehensive income.

James E Wagner expects revenue growth 'to accelerate' over next several quarters

Should you run your business based on an actual or an accrual accounting basis? Since you are your business, are your business and personal expenses kept completely separate?

Five Startup Costs Most Entrepreneurs Forget To Plan For

Total segment revenue was $2,158 million for the quarter, up 4% versus the prior year period on a reported basis, up 3% on a comparable accounting basis, or up 5% on an organic constant currency basis.

United States : First Data Reports Third Quarter 2018 Financial Results and Revises Full Year Guidance

"It has been tremendous to be able to work with some highly educated people and provide an accounting basis that affects everything.

PAUL CHERRY: Vice President for Finance / Centra! Baptist College / Conway

Mumbai, India, November 05, 2017 --(PR.com)-- In this edition, it has discussed the change in "Accounting Basis" across the world.

The Need for Change in Accounting

The combined company will not be consolidated in Vodafone's accounts and will be reported on an equity accounting basis after completion of the transaction.

Vodafone Malta to Merge with Maltese Cable, Broadband and Pay TV Provider Melita

Generally Accepted Accounting Principles (GAAP) accounting basis, because PPA funded status fails to give a true look at what a plan's status actually is.

DB Plan Funded Status

In fact, out of the 22 Arab League member states, five governments are currently implementing accrual accounting IPSAS, transitioning from cash / modified cash accounting basis. This number is expected to double over the next two years, hence the need to provide Arab communities with a quality and internationally recognised accounting certificate in IPSAS.

Arabic International Public Sector Accounting Standards Certification by Deloitte & ACCA

FASB's new rules would move US GAAP's credit loss accounting from the currently applicable "incurred loss" approach to a forward-looking "expected loss" approach where an institution estimates its future losses and recognizes them on an accounting basis even if those losses have not yet occurred.

The International Alternative to FASB's Credit Loss Standard

Some adjustment categories are the same in Portugal and Spain, namely accounting basis adjustments for taxes and social contributions, interest, and primary expenditures, as shown in Table 3.

From governmental accounting into national accounts: adjustments diversity and materiality with evidence from the Iberian countries' central governments/De la contabilidad presupuestaria a la contabilidad nacional: diversidad y materialidad de los ajustes con evidencia de los gobiernos centrales de los paises Ibericos...

In an effort to correct standards overload, the accounting profession now faces accounting basis overload.

Proposed conceptual changes in financial reporting: the problem of competing frameworks and disclosure overload