An accounting method that recognizes revenues when they are earned and expenses when they are incurred, regardless of when they are received or paid.
The method of recording transactions by which revenues and expenses are reflected for the period in which they are considered to have been earned and incurred, respectively, whether or not such transactions have been settled finally by the receipt or payment of cash or its equivalent.
Метод учета, предполагающий запись поступлений от определённого цикла экономической активности и сопутствующих этому издержек в одном отчётном периоде
