enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Accrual - Wikipedia

    en.wikipedia.org/wiki/Accrual

    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. Likewise, the term accrued expense refers to liabilities that are recognized when a company receives services or goods, even though the company has not yet paid the ...

  3. Adjusting entries - Wikipedia

    en.wikipedia.org/wiki/Adjusting_entries

    In accounting, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. The revenue recognition principle is the basis of making adjusting entries that pertain to unearned and accrued revenues under accrual-basis accounting. They are ...

  4. Accrued liabilities - Wikipedia

    en.wikipedia.org/wiki/Accrued_liabilities

    Examples would include accrued wages payable, accrued sales tax payable, and accrued rent payable. There are two general types of Accrued Liabilities: Routine and recurring; Infrequent or non-routine; Routine and recurring Accrued Liabilities are types of transactions that occur as a normal, daily part of the business cycle. [2]

  5. How Companies Fake It (With Cash Flow) - AOL

    www.aol.com/news/2011-07-27-how-companies-fake...

    Here are some examples of typical inflows and outflows. Section. Cash Inflow (+) Cash Outflow (-) Operating. Profits, receivables collections. ... (which are noncash accrual expenses), managers ...

  6. Matching principle - Wikipedia

    en.wikipedia.org/wiki/Matching_principle

    Accrued expenses are liabilities with uncertain timing or amount, but the uncertainty is not significant enough to classify them as a provision. 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.

  7. Accrual accounting in the public sector - Wikipedia

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

    An example of the different treatment under cash and accrual accounting of a government's purchase of a building: Under cash accounting: The government's budget surplus decreases (or deficit increases) by the amount of cash used (or debt incurred) to acquire the building in the year the government takes ownership. After the year of acquisition ...

  8. All-events test - Wikipedia

    en.wikipedia.org/wiki/All-events_test

    This violates traditional accrual method recognition of income and is an exception to the all-events test because the right to income is not yet fixed. The taxpayer has not yet performed services allowing for the collection of income but through Revenue Ruling the IRS has determined that recognition of income is proper because cash is in hand. 2.

  9. 10 tips to help you recover from holiday spending

    www.aol.com/finance/10-tips-help-recover-holiday...

    Experian shares 10 ways to help trim back spending, bring in extra cash and shape up finances for the year ahead.