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Accruals

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Accruals

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.
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  • March 13, 2019 at 2:26 pm #509260
    michaelsamiotis
    Participant
    • Topics: 47
    • Replies: 27
    • ☆☆

    Hello sir,
    I would like to ask how the months are calculated in the accruals. If we have for example a bill from 13 of a month do we consider it as a whole month or we should calculate it with days. If we calculate it by days do we take only the working days (Mon-Fri) or all the week for the calculation?
    Thank you

    March 13, 2019 at 8:17 pm #509279
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54748
    • ☆☆☆☆☆

    In practice it is up to the company to decide on their own policy.

    In the exams you take it to the nearest month.

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