ACCRUAL Definition

Bookmark and Share

ACCRUAL is the recognition of revenue when earned or expenses when incurred regardless of when cash is received or disbursed.

Learn new Accounting Terms

DEFICIENCY is a shortcoming in an internal control or an opportunity to strengthen internal controls.

IASB see International Accounting Standards Board.

Suggest a Term

Enter Search Term

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