Difference between revisions of "Accrual Based ACcounting" English (en) français (fr)

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Accrual Based Accounting (or ABAC) is EC accounting system
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The Accrual Based Accounting System ([[ABAC]]) is the central accounting, budgetary and treasury system set up by the Commission to implement its budget and prepare its annual accounts. ABAC is a critical corporate component in the day-to-day work for both the European Commission and most of the EU Institutions and Agencies.
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ABAC is being replaced by [[SUMMA]].
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==See also==
 
==See also==
 
* [[ABAC Assets]]
 
* [[ABAC Assets]]

Latest revision as of 10:00, 10 February 2020

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The Accrual Based Accounting System (ABAC) is the central accounting, budgetary and treasury system set up by the Commission to implement its budget and prepare its annual accounts. ABAC is a critical corporate component in the day-to-day work for both the European Commission and most of the EU Institutions and Agencies.

ABAC is being replaced by SUMMA.

See also

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