Vol. 12 No. 3-4 (2021)
Articles

ACCRUAL BASIS OF ACCOUNTING IN THE HUNGARIAN ACCOUNTING LAW COMPARED TO USGAAP AND IFRS

Published December 31, 2021
Elvira
Budapesti Műszaki és Gazdaságtudományi Egyetem
Adrienn Veit
Szabina Sőre
pdf (Magyar)

APA

Elvira, Veit, A., & Sőre, S. (2021). ACCRUAL BASIS OF ACCOUNTING IN THE HUNGARIAN ACCOUNTING LAW COMPARED TO USGAAP AND IFRS. Economica, 12(3-4). Retrieved from https://ojs.lib.unideb.hu/economica/article/view/10820

The aim of the article is to illustrate the impact of the application of the accrual basis of accounting and matching principle in the financial statements of entities regardless of the accounting system used. The accounting for accruals in different accounting regulations is briefly presented in the paper; in accordance with the Hungarian Accounting Act, US GAAP, and International Financial Reporting Standards (IFRS).