Search: accrual accounting
RBA Glossary definition for accrual accounting
accrual accounting – Revenues and expenses are recorded as they are earned or incurred , regardless of whether cash has been received or disbursed. For example, sales on credit would be recognised as revenue, even though the debt may not be settled for some time.
Search Results
Notes to and Forming Part of the Financial Statements
19 Oct 2023
RBA Annual Report
– October 2023
leave accrual and superannuation contributions to the extent that any leave is assumed to be taken during service. ... Any remaining loss is transferred to accumulated losses. In 2022/23, the RBA recorded an accounting loss of $5,952 million.
https://www.rba.gov.au/publications/annual-reports/rba/2023/financial-statements/notes.html
Appendix B: The Application of Accrual Accounting to the Calculation of Net Compensation | The Operation of the Interchange Standards – May …
9 Mar 2023
The Operation of the Interchange Standards: Conclusions Paper Appendix B: The Application of Accrual Accounting to the Calculation of Net Compensation. ... arrangement. The commentary draws on the observations in Box B, regarding the application of
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/conclusions-paper-the-operation-of-the-interchange-standards-2019-05/appendix-b.html
Notes to and Forming Part of the Financial Statements | Financial Statements
9 Mar 2023
RBA Annual Report
– 1988
See Note 3.) Income and expenditure are brought to account on an accrual basis. ... This practice differs from Australian Accounting Standards. Gains or losses realised on sale of foreign currency are taken to profit and loss.
https://www.rba.gov.au/publications/annual-reports/rba/1988/fin-statements/note-1.html
Notes to and Forming Part of the Financial Statements | Financial Statements
9 Mar 2023
RBA Annual Report
– 1989
See Note 3.) Revenue and expenses are brought to account on an accrual basis. ... This practice differs from Australian Accounting Standards. Gains or losses realised on sale of foreign currency are taken to profit and loss.
https://www.rba.gov.au/publications/annual-reports/rba/1989/fin-statements/note-1.html
Accounting Basis | The Operation of the Interchange Standards – May 2019 | Conclusions Paper | Submissions
9 Mar 2023
In broad terms, cash accounting recognises benefits when they are paid or received, whereas accrual accounting recognises benefits when they are earned or accrued, regardless of whether they have actually been ... Many respondents considered the accruals
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/conclusions-paper-the-operation-of-the-interchange-standards-2019-05/accounting-basis.html
The Operation of the Interchange Standards: Conclusions Paper
9 Mar 2023
The Operation of the Interchange Standards. Conclusions Paper. May 2019. Download the Conclusions 748. KB. Reserve Bank of Australia 2019. All rights reserved. The contents of this publication shall not be reproduced, sold or distributed without the
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/conclusions-paper-the-operation-of-the-interchange-standards-2019-05/
Final Variations and Implementation Arrangements | The Operation of the Interchange Standards – May 2019 | Conclusions Paper | Submissions
9 Mar 2023
contains commentary on the application of accruals accounting to the calculation of net compensation. ... One stakeholder noted that it does not use accruals accounting to manage its financial accounts for its cards business, but indicated that the
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/conclusions-paper-the-operation-of-the-interchange-standards-2019-05/final-variations-and-implementation-arrangements.html
Executive Summary | The Operation of the Interchange Standards – May 2019 | Conclusions Paper | Submissions
9 Mar 2023
1 and No. 2 of 2016 would be modified to require an accrual approach to be used to allocate Issuer Receipts and Issuer Payments to, or between, reporting periods in a ... website. contains commentary on the application of accruals accounting to the
https://www.rba.gov.au/payments-and-infrastructure/review-of-card-payments-regulation/conclusions-paper-the-operation-of-the-interchange-standards-2019-05/executive-summary.html
Notes to and Forming Part of the Financials Statements
27 Oct 2022
RBA Annual Report
– October 2022
leave accrual and superannuation contributions to the extent that any leave is assumed to be taken during service. ... The remainder of the accounting loss, a sum of $20,836 million, was transferred to accumulated losses.
https://www.rba.gov.au/publications/annual-reports/rba/2022/financial-statements/notes.html