accrual accounting

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14:59 Jan 5, 2010
English to Latvian translations [PRO]
Bus/Financial - Accounting
Additional field(s): Business/Commerce (general), Economics, Finance (general)
English term or phrase: accrual accounting
Definition from InfoUSA - U.S. Department of State:
A system of accounting in which revenues are recorded when earned and outlays are recorded when goods are received or services performed, even though the actual receipt of revenues and payment for goods or services may occur, in whole or in part, at a different time.

Example sentence(s):
  • Accrual accounting is considered to be the standard accounting practice for most companies, with the exception of very small operations. Investopedia ULC
  • Accrual accounting matches revenues with expenses for a particular period and this is the basis of the matching principle. Accrual accounting demands that expenses be matched with the revenue that was generated from those expenses. Money Instructor
  • Like cash-basis accounting, accrual accounting has its drawbacks. It does a good job of matching revenues and expenses, but it does a poor job of tracking cash. Wiley Publishing, Inc.
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Summary of translations provided
5 +1uzkrājumu principa grāmatvedība
Ieva Kupruka
4grāmatvedība vadoties no uzkrāšanas principa
zigurdsg


  

Translations offered


1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +1
uzkrājumu principa grāmatvedība


Definition from own experience or research:
Uzkrājumu principa grāmatvedība ir grāmatvedības veids, kas ņem vērā ienākumus to nopelnīšanas dienā un izdevumus to rašanās dienā un kas neņem vērā šīs naudas konkrēto saņemšanas vai izdošanas dienu.

Example sentence(s):
  • Eiropas parlaments [...] atzīmē, ka Eiropas Revīzijas palātas veiktā EDAU revīzija nedeva pamatu būtisku apsvērumu formulēšanai attiecībā uz šo iestādi; atzīmē, ka pēc tam, kad 2005. gada 1. janvārī tika ieviesta uzkrājumu principa grāmatvedība, EDAU 2006. gada finanšu pārskati uzrāda negatīvus gada saimnieciskos rezultātus (EUR 1 402 513) un vienādu summu gan aktīviem, gan pasīviem (EUR 23 517). - Eiropas Parlamenta vietne  
Ieva Kupruka
United Kingdom
Local time: 12:06
Native speaker of: Native in LatvianLatvian

Votes in favor of/against selecting this as the best translation of the term asked
Yes  alis-kis
13 days
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19 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
grāmatvedība vadoties no uzkrāšanas principa


Definition from Latvijas grāmatvedības standarts Nr. 1:
Saskaņā ar uzkrāšanas principu, darījumus un notikumus atzīst periodā, kad tie notiek, neatkarīgi no tā, kad tiek veikti norēķini.

Example sentence(s):
Explanation:
Uzķrājums or uzkrāšana? This is a grammatical question, but uzkrāšana is actually the word used in the Latvian Accounting Standard No 1, and should therefore be preferred.
zigurdsg
United Kingdom
Local time: 12:06
Native speaker of: Native in EnglishEnglish, Native in LatvianLatvian
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