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2. Accrual accounting in the public sector - Wikipedia

   en.wikipedia.org/wiki/Accrual_accounting_in_the...

   [9]: 10 By contrast, the accrual-accounting based deficit/surplus measures just the net operating balance. By including government expenditure on capital, the cash accounting deficit/surplus is a better indicator of the government's demand for resources and, therefore, its impact on the resources available to the private sector.

3. Accrual - Wikipedia

   en.wikipedia.org/wiki/Accrual

   In accounting and finance, an accrual is an asset or liability that represents revenue or expenses that are receivable or payable but which have not yet been paid. In accrual accounting, the term accrued revenue refers to income that is recognized at the time a company delivers a service or good, even though the company has not yet been paid.

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. Assets vs. Expenses: Understanding the Difference - AOL

   www.aol.com/finance/assets-vs-expenses...

   Accrual accounting recognizes expenses when they are incurred, regardless of when cash is received or paid. Cash basis accounting records revenues and expenses only when cash is received or paid.

6. International Public Sector Accounting Standards - Wikipedia

   en.wikipedia.org/wiki/International_Public...

   The government has expressed its commitment towards adopting the accrual-basis IPSASs for accounting and budgeting. The Government of Sri Lanka has requested that the Institute of Chartered Accountants of Sri Lanka [5] prepare suitable accrual basis accounting standards for use by public sector entities. The ICASL's Public Sector Accounting ...

7. Accounting standard - Wikipedia

   en.wikipedia.org/wiki/Accounting_Standard

   Accrual basis is one of the fundamental accounting assumptions and if it is followed by the company while preparing the Financial statements then no further disclosure is required. Accounting standards prescribe in considerable detail what accruals must be made, how the financial statements are to be presented, and what additional disclosures ...