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Investing Glossary:
Accrual Accounting Convention
Copyright 2008,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Accrual Accounting Convention
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| Definition: |
| An accounting system that tries to match the recognition of revenues earned with the expenses incurred in generating those revenues. It ignores the timing of the Cash flows associated with revenues and expenses.
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