(1) Article 7A donation transfer institution shall employ accrual basis accounting for the donation projects under its management.

(2) Accrual Basis Accounting A method of reporting income when it is earned and expenses when incurred, even though they may not have been received or actually paid.

(3) This concept applies to firms that employ an accrual basis accounting system.

(4) Article 5 The company employ the Accrual Basis Accounting principle.

(5) The accrual method of accounting is also known as accrual accounting or accrual basis accounting.

(6) Professional judgment, which can not be replaced, is the inherent character of accrual basis accounting and wether it can reflect the essence of economic transaction is most important.