In general, according to this basic rule, business transactions are always recognized in the period to which they are attributable and reported in the period-end financial statements (balance sheet). In other words, they are always recognized as expenses or income in the accounting period in which the consumption of value or increase in value occurs (accrual accounting), regardless of when the transaction is settled, i.e. when the actual payments are made (the recognition of revenue or expenses at the time they are earned or incurred, regardless of when the money is received or paid out). – In particular, in the case of interest, the recognition of interest receivable on an accrual basis in the statistics. The income is not recorded only at the time of payment (actual receipts method), but is distributed continuously over the interest period. – See distribution principle, cash accounting, completed contract method, cash accounting, interest change proviso. – Cf. Deutsche Bundesbank Monthly Report, March 2005, pp. 34 f. (p. 35: overview of the impact of the calculation on the balance of payments).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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