Sentences with ACCRUAL-BASIS
Check out our example sentences below to help you understand the context.Sentences
1
"The company reports its financial statements on an accrual basis."
2
"Under the accrual basis of accounting, revenues are recognized when earned, not when cash is received."
3
"Expenses are recorded in the period they are incurred under the accrual basis."
4
"The accrual basis is required for most businesses to comply with accounting standards."
5
"One advantage of using the accrual basis is that it matches revenues and expenses in the same accounting period."
6
"The accrual basis allows for better tracking of long-term projects and investments."
7
"By using the accrual basis, the company can recognize income from sales made but not yet received."
8
"Under the accrual basis, accounts receivable and accounts payable are recorded."
9
"The accrual basis considers all events and transactions that have an economic impact on a company."
10
"Using the accrual basis, the company recognizes revenue when it earns it, regardless of when payment is received."
11
"Companies using the accrual basis may have different cash flows compared to their reported revenues and expenses."
12
"The accrual basis helps provide a more comprehensive view of a company's financial performance."
13
"The accrual basis is often used by larger corporations and organizations."
14
"The accrual basis is necessary for preparing accurate financial statements."
15
"Under the accrual basis, revenue is recognized when the product is delivered or the service is performed."
16
"The accrual basis matches revenues and expenses based on the timing of economic activity."
17
"By using the accrual basis, the company can show a more accurate reflection of its financial health."
1
"Under the accrual basis of accounting, revenue is recognized when it is earned, not necessarily when cash is received."
2
"The accrual basis requires that expenses be recorded when they are incurred, not when they are paid."
3
"One advantage of using the accrual basis is that it provides a more accurate picture of a company's financial performance."
4
"The accrual basis allows for better matching of revenues and expenses, resulting in more meaningful financial statements."
5
"Many large corporations use the accrual basis of accounting to comply with generally accepted accounting principles."
6
"Government entities often utilize the accrual basis to track their financial activities and report on their financial position."
7
"The financial statements prepared on the accrual basis reflect a company's economic reality rather than just its cash flow."
8
"The accrual basis of accounting is required for businesses that exceed a certain threshold in terms of their annual revenue."
9
"Using the accrual basis can help businesses in managing their cash flows and planning for future financial obligations."
10
"The accrual basis of accounting ensures that revenue and expenses are recognized in the appropriate accounting period."
