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.

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Part of Speech: noun
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Industry/Domain: Accounting
Category: Auditing
Company: AIS
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