Definicja modified accrual
The modified accrual basis of accounting requires that only financial transactions that are short-term in nature be reported. Examples of modified accrual transactions that are different than full accrual transactions include the following:Long-term assets are shown as capital expenses when incurred. Long-term assets are reported in a different account group, with no depreciation reported. Long-term debt issued is shown as another financial resource, with premium or discount reported as current financial resources. Long-term liabilities are reported in a separate account group, with no premium or discount reported. Investments are not adjusted to reflect market value. Non-current revenues and expenses are not included in the calculation of net income and are not carried forward into the fund balance
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