cash basis

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Related to Cash basis accounting: Accrual basis accounting
ThesaurusAntonymsRelated WordsSynonymsLegend: basis - a method of accounting in which each item is entered as payments are received or made
accounting system, method of accounting, accounting - a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
accrual basis - a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made
References in periodicals archive ?
Finance Ministry Secretary General Ezzeddine Kanakrieh, told Petra that his ministry prepared a gradual action plan for applying IPSAS which depends on the transformation from cash basis accounting into accrual basis accounting system.
There are strong supporters of cash basis accounting all over the world.
Categories: Financial Management, Accounting standards, Auditing procedures, Auditing standards, Cash basis accounting, Financial analysis, Financial management, Financial records, Financial statement audits, Financial statements, Internal audits, Internal controls, Strategic planning, Voluntary compliance
Students in the control group were given the traditional lecture delivery of the same concepts, cash basis accounting and accrual basis accounting.
If you are a sole owner, partnership or S corporation that has adopted a cash basis accounting system, you can shift cash from money market funds into short-term discount obligations, such as CDs, that mature next year.
However, assuming that most unitholders are on a cash basis accounting for their tax reporting, it is unclear at this time whether they would be entitled to this quarter's tax credit since it falls into the year 2003, for which the credit does not apply.