MODIFIED ACCRUAL title: modified accrual (PSM) (SAP Library - Glossary)
MODIFIED ACCRUAL category: Public Sector Management (PSM)
MODIFIED ACCRUAL explained:
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 balanceMore terms such as modified accrual in Dictionary M.
- Manual Maintenance Planner Group:
- Help A group of employees responsible for planning and processing maintenance tasks in a plant modified accrual definition.
- Manual Maximum Costs:
- Help The maximum amount of money for each condition type that can be apportioned as cost to the tenant. Costs above the maximum amount remain on the rental unit and are identified as non-apportionable modified accrual explain.
- Manual Material Revaluation:
- Help recalculate the average or standard price of items that have been valuated according to the moving average method or standard price method. Material revaluation is used only by companies running a modified accrual what is.
- Manual Minimum Lot Size:
- Help Minimum quantity that must be reached during procurement. The minimum lot size can be taken into account in lot-size calculation modified accrual meaning.
- Manual Main Process:
- Help used in modeling business processes. Main processes in column two of the process selection matrix are collective names for all the processes that have variable names in their rows. No process chains modified accrual abbreviation.
