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Home > QFINANCE Dictionary > Definition of accounting bases

Definition of

accounting bases


fundamental accounting methods the methods used for applying fundamental accounting concepts to financial transactions and items; preparing financial accounts; determining the accounting periods in which revenue and costs should be recognized in the profit and loss account; and determining the amounts at which material items should be stated in the balance sheet

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Definitions of ’accounting bases’ and meaning of ’accounting bases’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’accounting bases’ and other financial terms with our online QFINANCE Financial Dictionary.

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