Changes

Calculating [[revenues]] or expenditures on the basis of when they are earned or encumbered,rather than when payment is received or made, respectively. Accrual revenues are considered earned when a claim for reimbursement is submitted. Accrual expenses are considered encumbered when a Purchase Order or contract is submitted.

Calculating [[revenues]] or expenditures on the basis of when they are earned or encumbered,rather than when payment is received or made, respectively. Accrual revenues are considered earned when a claim for reimbursement is submitted. Accrual expenses are considered encumbered when a Purchase Order or contract is submitted.

[[category:economics]]

 

[[category:Budget terms]]

[[Category:Accounting]]

[[Category:Accounting]]