Since basic fund accounting is driven by the need to classify resources, this chapter also covers revenue accounting. Generally accepted accounting principles (GAAP) is a technical accounting term ...

The following general ledger/commitment items are used to record revenue as category 2 and 3 of the Statement of Financial Activity (SoFA) report. The categories are outlined alphabetically. Each ...

In addition, revenue accounting at the University of Colorado is also influenced by the Revenue Definition and Recognition section of the OUC's Accounting Handbook. Some of these revenue ...

The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by ...

Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged. The term "accrual" refers to any individual entry recording revenue or expense in ...