oblo Posted September 19, 2005 at 04:31 PM Report Posted September 19, 2005 at 04:31 PM Anyone can find a sense for this word? 权责发生制 Thanks, r. Quote
oblo Posted September 21, 2005 at 04:53 PM Author Report Posted September 21, 2005 at 04:53 PM At last I got it. It means: "accrual system". Quote
xiaomawang Posted September 22, 2005 at 12:57 AM Report Posted September 22, 2005 at 12:57 AM Really? I'm not dare to give answer because it's technical term. However, to me it seems like a kind of 'balancing system' rather than 'accural system'. 权(right)责(responsibility)发生(happen / appear / stimulate)制 Quote
roddy Posted September 22, 2005 at 01:38 AM Report Posted September 22, 2005 at 01:38 AM The accounting basis that brings items to account as they are earned or incurred (and not as cash received or paid) and includes them in financial statements in the related accounting period.www.finance.gov.au/pubs/AnnualReport99-00/gloss.htm Kind of makes sense - you are recording your rights (to receive payment) and responsibilities (to make payment) as they happen. Quote
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