Accrual Accounting Convention
An accounting system that tries to match the recognition of revenues earned with the expenses incurred in generating those revenues. It ignores the timing of the cash flows associated with revenues and expenses.
Nearby TermsAccreting Swap) Accretion (of a discount) Accrual Accounting Convention Accrual basis Accrual bond
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University