Glossary entry (derived from question below)
French term or phrase:
Principe d'engagement (accounting)
English translation:
Accrual basis
Added to glossary by
ClaireMes (X)
Mar 7, 2005 01:32
19 yrs ago
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French term
ClaireMes (X)
Principe d'engagement (accounting)
French to English
Bus/Financial
Accounting
French accounting method according to which revenues and costs are entered when they occur and not when they are paid or received. I found "incurrence" principle, but I am not too sure.
Proposed translations
(English)
| 4 +3 | Accrual basis |
olganet
|
| 4 | commitment principle |
swisstell
|
Proposed translations
+3
1 hr
Selected
Accrual basis
Accrual basis
A method of accounting where transactions are recorded as they occur regardless of when payment for that transaction is made or received.
http://applications.linux.com/applications/04/12/04/0215221....
accrual basis accounting
The most commonly used accounting method, which reports income when earned and expenses when incurred, as opposed to cash basis accounting, which reports income when received and expenses when paid. Under the accrual method, companies do have some discretion as to when income and expenses are recognized, but there are rules governing the recognition. In addition, companies are required to make prudent estimates against revenues that are recorded but may not be received, called a bad debt expense.
http://www.investorwords.com/61/accrual_basis_accounting.htm...
A method of accounting where transactions are recorded as they occur regardless of when payment for that transaction is made or received.
http://applications.linux.com/applications/04/12/04/0215221....
accrual basis accounting
The most commonly used accounting method, which reports income when earned and expenses when incurred, as opposed to cash basis accounting, which reports income when received and expenses when paid. Under the accrual method, companies do have some discretion as to when income and expenses are recognized, but there are rules governing the recognition. In addition, companies are required to make prudent estimates against revenues that are recorded but may not be received, called a bad debt expense.
http://www.investorwords.com/61/accrual_basis_accounting.htm...
4 KudoZ points awarded for this answer.
Comment: "This is it! Thanks for the definitions, they are very helpful."
3 mins
commitment principle
Declined
principle of commitment
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Note added at 42 mins (2005-03-07 02:14:14 GMT)
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the \"engagement\" i.e. commitment commences at the time it occurs
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Note added at 42 mins (2005-03-07 02:14:14 GMT)
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the \"engagement\" i.e. commitment commences at the time it occurs
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