# economic approach

- Canonical URL: https://www.gerhardmerk.de/economic-approach
- Post ID: 604472
- Modified: 2026-09-07T19:47:59+00:00
- Language: en

## Definition

Under accrual accounting, an economic event is assigned to the period in which it occurs, irrespective of when the related cash is paid or received. The method thus distinguishes the timing of economic activity from the timing of settlement.

## Machine-readable

- Generator: Merk Knowledge 1.1.1