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Subjects>Business>Accounting

What are the advantages and disadvantages of commitment accounting?

Updated: 6/10/2023

Wiki User

∙ 9y ago

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Commitment accounting is also referred to as encumbrance accounting or invoice matching. This method allows you to audit changes in real time and set a cap for specific combination codes. The biggest disadvantage of this method is that is more subjective than most other methods.

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∙ 9y ago

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Idowu Esther ∙

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∙ 1y ago

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Anonymous ∙

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∙ 3y ago

Commitment accounting as used in the public sector is burdensome and must be discarded.

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∙ 3y ago

why

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