accrual budgeting [ accrual-based budgeting ]

zero-based budgeting | ZBB | zero base budgeting | zero-base budgeting

If I could try to make it more meaningful for you to understand the basic components, we'd be looking at accrual accounting and budgeting concepts, at the estimates and basically how we could have a better understanding of what the estimates are all about and sharing that, then the same thing with the public accounts and making a linkage between the budget, the estimates, and the public accounts, then looking at the impacts of full accrual accounting on the public accounts—I think a lot of individuals are not fully aware of the implications of that kind of linkage—the impacts of full accrual accounting at the departmental level, and then ...[+++] trying to bring it home in terms of the impacts of accrual budgeting on the estimates and appropriations.

The Office of the Auditor General, while supportive of these kinds of measures, has said that priority really should be given to other initiatives, such as the ongoing adoption of accrual budgeting, which is a much more current, transparent and accountable form of budgeting, and auditing of departments' financial statements.

In such cases the institution should be required to subject those activities to a capital charge equal to the higher of the capital charge in accordance with that internally developed approach and 8 % of the capital charge for specific risk in accordance with the standardised measurement method.

‘Credit institutions permitted to use own estimates of LGDs and conversion factors for an exposure class under Articles 84 to 89 which do not calculate the value of their exposures using the method referred to in the first subparagraph of this paragraph may use the Financial Collateral Comprehensive Method or the approach set out in Article 117(1)(b) for calculating the value of exposures’.