Medicare Managed Care Manual (Pub. 100-16), Ch. 17a § 100.1

Accrual Basis of Accounting

Last amended: 2001Year: 2001Length: 54 wordsOfficial source
100.1 - Accrual Basis of Accounting (Rev. 4, 10-01-01) Under the accrual basis of accounting, revenue is recorded in the period when it is earned, regardless of when it is collected, and expenditures for expense and asset items are recorded in the period in which they are incurred, regardless of when they are paid.
Medicare Managed Care Manual (Pub. 100-16), Ch. 17a § 100.1: Accrual Basis of Accounting | Justis AI