분야
pdfIFRS 4th Edition
Chapter 3
Adjusting the Accounts
Weygandt ●Kimmel ●Kieso
Accrual-Basis Accounting 발생주의회계
and Adjusting Entries 수정분개
5Copyright 2019 John Wiley & Son, Inc.
Time period (or periodicity) assumption
기간별보고의가정:
Accountants divide the economic life of a business into artificial
time periods.
LO 1
Accrual-versus Cash-Basis Accounting
7Copyright 2019 John Wiley & Son, Inc.
Accrual-Basis Accounting
Transactions are recorded in the periods in which the events
occur.
Companies recognize revenues when they perform services
(rather than when they receive cash).
Expenses are recognized when incurred(rather than when paid).
Accrual-basis accounting is in accordance with IFRS.
LO 1
Analyze each account to determine whether it is complete and up-
to-date for financial statement purposes.
16Copyright 2019 John Wiley & Son, Inc. LO 1
