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Accrual Basis institutions Thinking

Also known as cash basis cash basis, based on cash received or paid for the standard to record revenue achieved or occur, in accordance with the payment date to determine the vesting period. Accrual basis, also known as accrual or accrual, based on the occurrence of the rights or obligations or as a standard to confirm the income and expenses. Accrual on cash basis operating results of the challenge lies in the assessment, at present, institutions Accounting also facing this challenge. However, the foundation causing changes in cash basis is more important reasons: First, diversification of funding sources and institutions,[link widoczny dla zalogowanych], the role of institutions of accounting records and no longer a simple reflection of the more important is to monitor the efficiency in the use of these funds ; Second Financial Reform of Public Accounting raised higher requirements, the budget in the financial sector institutions, and government procurement, treasury centralized payment and a series of reforms, more emphasis on performance evaluation of funds, these Institutions are required to change the basis of accounting. Accrual accounting in public institutions in the concrete application of First, a centralized treasury payment services accrual accounting. Treasury centralized payment services because of budget units involved, banks, financial centers and suppliers to pay the settlement of several units, the general program is complex, a long time, often made a budget unit of the purchase of goods and invoice First, the phenomenon of delayed payments, especially in the end, there will be multi-year payments. Therefore, it is necessary to introduce accrual expenses and reasonable assessment of the performance of the year, that is to obtain goods and invoices debit expenditure class subjects, credited to money Second, the government procurement business accrual accounting. Concentrated in the government procurement process, subject to acceptance of the project, some multi-year procurement operations will involve the payment issue, this is not conducive to performance assessment of government procurement, therefore, I believe that the contract should be in accordance with the actual performance, Where should the burden of the current accounting period are the costs of procurement to be charged in the current period, that is a debit spending class subjects, credited to part of this period have been paid if the costs of procurement should not be charged, the debit