Sentences with phrase «under accruals»

Under accruals basis of accounting, an entity must account for the following types of transactions:

Financial statements are prepared under the Accruals Basis of accounting which requires that income and expense must be recognized in the accounting periods to which they relate rather than on cash basis.

But under accrual accounting rules this borrowing does not appear on the budget balance.

The statement of cash flows is generated under the accrual method of accounting.

Under accrual accounting, one would have expected that such timing factors would have been adjusted for.

Under accrual accounting, the impact of a capital acquisition is spread out over a long time period.

However, under accrual accounting, the present value of all expected future payments as a result of past service provided by veterans has already been recorded in the financial statements and in previous years» budgets.

[3] Under accrual accounting, revenues are recognized when earned (economic event takes place giving rise to the revenues) not necessarily when it is received.

Under accrual accounting, capital spending is amortized over its useful life, whereas under cash accounting, capital spending is accounted for as required.

Under cash accounting, the cost of capital has a direct hit on the budgetary balance while under accrual accounting, it is spread over a number of years.

Under the accrual basis of accounting, you must record revenues and expenses in the accounting period in which they were earned or incurred, regardless of when payment occurs.

Not exact matches

Under generally accepted accounting principles (GAAP), the accrual basis of accounting is required for all businesses that handle inventory, from small retailers to large manufacturers.

Benefits and accruals under a previous 401 (k) plan, our Employee Savings Plan (referred to as the «ESP»), were frozen as well as benefits and accruals under the Retirement Plan.

Effective August 1, 2010, benefits and accruals under the ESP were frozen for the remaining «Rule of 65» active employees and such participants were moved into the RSP.

· The cessation of accruals under the Qualified Plan and the continued IBM contributions under the tax - qualified defined contribution plan, the IBM 401 (k) Plus Plan, reflects IBM's desire to provide appropriate benefits for its employees, consistent with the changing needs of IBM's workforce and the changing nature of retirement benefits provided by IBM's current competition.

It's not uncommon for borrowers to experience negative amortization right after graduation, since low incomes might mean that your monthly payments under an income - driven plan would not cover interest accrual.

Determination of whether an accrual or receipt is revenue or capital in nature is tested under existing jurisprudence (of which there is no shortage).

Under these plans, a teacher's retirement benefit is based on a combination of factors: how many years he or she worked, some percentage (also known as a «multiplier» or «accrual factor,» for instance 2 percent), and a final average salary (FAS).

Cash accrual in the policy is also tax free under IRC 7702, provided the policy is never surrendered and the death benefit is also not subject to income taxation.

The flow numbers — whether cash or accrual — as reported under Generally Accepted Accounting Principles (GAAP).

GFS also provides the Funds with accounting services, including: (i) daily computation of net asset value; (ii) maintenance of security ledgers and books and records as required by the 1940 Act; (iii) production of a Fund's listing of portfolio securities and general ledger reports; (iv) reconciliation of accounting records; (v) calculation of yield and total return for a Fund; (vi) maintenance of certain books and records described in Rule 31a - 1 under the 1940 Act, and reconciliation of account information and balances among the Funds» custodian and Adviser; and (vii) monitoring and evaluation of daily income and expense accruals, and sales and redemptions of shares of the Funds.

Based on the screenshot on Flyertalk an Ivory member would have to pay $ 1,820 for that trip to earn the same number of miles under the revenue - based accrual system (assuming Ivory members earn 4 miles / Euro).

Under California's statute of limitations, a plaintiff must bring a cause of action for wrongful death within two years of accrual.

Cash accrual in the policy is also tax free under IRC 7702, provided the policy is never surrendered and the death benefit is also not subject to income taxation.