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2. Cash method of accounting - Wikipedia

   en.wikipedia.org/wiki/Cash_method_of_accounting

   The cash method of accounting, also known as cash-basis accounting, cash receipts and disbursements method of accounting or cash accounting (the EU VAT directive vocabulary Article 226) records revenue when cash is received, and expenses when they are paid in cash. [1] As a basis of accounting, this is in contrast to the alternative accrual ...

3. Accounting standard - Wikipedia

   en.wikipedia.org/wiki/Accounting_Standard

   Some important elements that accounting standards cover include identifying the exact entity which is reporting, discussing any "going concern" questions, specifying monetary units, and reporting time frames. [2] In the public sector, 30% of 165 governments surveyed used accrual accounting, rather than cash accounting, in 2020. [3]

4. Basis of accounting - Wikipedia

   en.wikipedia.org/wiki/Basis_of_accounting

   In accounting, a basis of accounting is a method used to define, recognise, and report financial transactions. [1] The two primary bases of accounting are the cash basis of accounting, or cash accounting, method and the accrual accounting method. A third method, the modified cash basis, combines elements of both accrual and cash accounting.

5. Revenue recognition - Wikipedia

   en.wikipedia.org/wiki/Revenue_recognition

   In accounting, the revenue recognition principle states that revenues are earned and recognized when they are realized or realizable, no matter when cash is received. It is a cornerstone of accrual accounting together with the matching principle. Together, they determine the accounting period in which revenues and expenses are recognized. [1]

6. Matching principle - Wikipedia

   en.wikipedia.org/wiki/Matching_principle

   An example is an obligation to pay for goods or services received, where cash is to be paid out in a later accounting period. The amount is deducted from accrued expenses when it is paid. Accrued expenses share characteristics with deferred income (or deferred revenue ), except that deferred income involves cash received from a counterpart ...

7. Cash management vs. treasury management: What's the difference

   www.aol.com/cash-management-vs-treasury...

   Cash management focuses on the day-to-day liquidity of a company, ensuring funds are available to meet short-term obligations. Treasury management encompasses all aspects of a company's financial ...