ACCRUAL ACCOUNTING Definition

Bookmark and Share

ACCRUAL ACCOUNTING see ACCRUAL BASIS OF ACCOUNTING.

Learn new Accounting Terms

FISCALIST is an economist who prefers that the government affect the economy by raising and lowering taxation and/or government spending.

LINE ITEM BUDGET is a budget initiated by government entities in which budgeted financial statement elements are grouped by administrative entities and object. These budget item groups are usually presented in an incremental fashion that is in comparison to previous time periods. Line item budgets are also used in private industry for comparison and budgeting of selected object groups and their previous and future expenditure levels within an organization.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.