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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Accruals
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
In practice it is up to the company to decide on their own policy.
In the exams you take it to the nearest month.
