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Accounting for Accruals

We have discussed transactions that include direct and immediate cash flows. Cash was received in the period of earning revenues, or cash was paid in the period of incurring expenses. This is called cash accounting. However, more than often another situation takes place. Cash flows do not match with revenue and expense recognition. This situation falls under the accrual accounting. Accrual (or accrual-based) accounting recognizes the effects of accounting events when such events occur regardless of the time cash is exchanged.

Course Authors


  • Course Level: Intermedia
  • Subject: Economics and Finance
  • Fees: TBA
  • Language: English
  • Certificate: Available
  • Duration:
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