Difference between revisions of "Accrual Accounting"
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(New page: Calculating revenues or expenditures on the basis of when they are earned or encumbered, respectively. Accrual revenues are considered earned when a claim for reimbursement is submitted. A...) |
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Calculating revenues or expenditures on the basis of when they are earned or encumbered, 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, 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. | ||
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Revision as of 21:01, July 15, 2007
Calculating revenues or expenditures on the basis of when they are earned or encumbered, 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.