accrual principle

All the expenses are correctly periodised according to accrual principles and can be compared directly.

The accrual principle typical of financial accounting is incompatible with tax systems’ realization principle.

The continuity of activities, the consistency of methods and the accrual principle are basic accounting conventions.

The economic result for the year is a reflection of accrual principles, whereby expenses (including long-term estimates) are recognised before revenues.

This operation, if not amortized over the life span of the swap contract, could undermine the accruals principle of recording financing costs.

Accounting principles The following accounting principles have been applied: economic reality and transparency, prudence, recognition of post-balance-sheet events, materiality, the accruals principle, going concern and consistency and comparability.

Most other businesses report income based on accrual principles of accounting, which means booking income in the year that it is earned, booking expenditures in the year they are incurred, and reporting inventory valuation changes.

However, our day to day system is still largely a cash one although reports to the Chief Justice's Consultative Council are prepared partly on accrual principles, especially those reports which span a three or four year period.

One of the objectives of the ongoing project to modernise the accounting system is the transition from the current system based on the modified cash principle to an accounting system based on the accrual principle.

This is likely to cause a negative reaction as analysts remove the LightSquared Revenue/EBITDA and cash from their forecasts causing consensus to change (please note that the accounting impact differs from the cashflow due to accruals principle).