Home > Term: comprehensive basis of accounting
comprehensive basis of accounting
A complete set of rules other than U.S. GAAP applied to all items in a set of financial statements. Examples include a basis of accounting required by a regulatory agency, a basis of accounting the entity uses for its income tax return and the cash receipts and disbursements basis.
- Part of Speech: noun
- Industry/Domain: Accounting
- Category: Auditing
- Company: AIS
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