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French Equivalent: Comptabilité sur la base des droits et obligations

Accrual accounting records flows at the time economic value is created, transformed, exchanged, transferred or extinguished; this means that flows which imply a change of ownership are entered when ownership passes, services are recorded when provided, output is entered at the time products are created and intermediate consumption is recorded when materials and supplies are being used.

Recognition in financial accounts of the implications of transactions (or decisions giving rise to transactions) when they occur irrespective of when cash is paid or received. (The OECD Economic Outlook: Sources and Methods. Available at http://www.oecd.org/eco/outlook/sources-and-methods.htm).

Source Publication:
System of National Accounting (SNA), 2008, 3.116.

Cross References:
Accrual reporting
Cash accounting
Due-for-payment recording
Modified accrual accounting


Statistical Theme: National accounts

Glossary Output Segments:
Economic Outlook

Created on Tuesday, September 25, 2001

Last updated on Friday, March 28, 2014