glossary department of the environment and heritage annual report 2004 05424 glossar y accrual accounting is system where items are brought to account included in fi nancial statements as they earned or incurred rather than received paid administered expenses revenues assets liabilities managed by agencies on behalf commonwealth include grants subsidies benefi ts may fund delivery third party outputs for example administers appropriations australian government s natural trust provide this refers additional estimates a process parliament appropriate more funds portfolios if amounts appropriated at budget time insuffi cient authorisations spend monies from consolidated revenue two appropriation bills introduced into comprise further later year part biodiscovery means taking samples native animals plants microbial life study their genetic biochemical make up biodiversity essence variety
