ABAC
(Accrual Based Accounting)
(Accrual Based Accounting)
- Definition
- The Commission’s accounting system, which since 2005 has been enriched by accrual accounting rules. Apart from the cash-based budget accounts, the Commission produces accrual-based accounts.
- Context
- EU Policy
- Document Type
- Glossary
- Origin document
EU budget glossary - A list of the most common words and useful terms concerning the EU budget
- Reference Link
- Release