Generally accepted accounting principles, commonly referred to by the acronym GAAP, require companies to recognize revenues when they are earned and expenses when they are incurred. Because the timing ...

Accruals and deferrals in the accounting cycle involve the time at which income and expense entries are noted in their respective accounts. Accruals and deferrals occur only when a business uses ...

The study of the "accrual anomaly" reported here is unique because it analyzed originally reported--unrestated--quarterly data for 1991 through the first quarter of 2004 to calculate accruals and used ...