7c061045_egislation_Amendment_Bill_1999__Accrual_reporting
[Transaction or event] Consumption of assets through use [Cash reporting] No event would be shown until a future year when the asset is replaced and paid for in cash [Accrual reporting] 
Depreciation equivalent to the service potential consum ed would be shown as an annual expense over the useful life of the asset
ParlInfo - Financial Management Legislation Amendment Bill 1999
Accrual reporting