To extend over both sides of a physical divide or a point of time. Accounting *cutoff is complicated by transactions that straddle two or more *financial reporting periods.
- To extend over both sides of a physical divide or a point of time. Accounting *cutoff is complicated by transactions that straddle two or more *financial reporting periods.
- A cost or revenue *allocation method that provides for equal amounts in each period of time. The rationale for using a straight-line basis is that the economic activity of the underlying assets or circumstances occurs at a constant level over time. For example, under straight-line *amortization the cost of a fixed asset is expensed in equal annual amounts over the asset’s *useful economic life, in circumstances where the asset is deemed to provide constant benefits over the relevant period.
Auditor's dictionary.
2014.
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