Cash Versus Accrual Accounting (Completed)
Date: Wednesday, January 24, 2024
Instructor: Robert K Minniti
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
This course is designed to introduce participants to the basic concepts of Cash versus accrual accounting. We will review the two different accounting methods and consider the different accounting principles that need to be applied. Examples of transactions will be discussed.
Topics Covered
- Cash basis accounting
- Accrual Basis Accounting
- Revenue recognition
- Expense Recognition
- Tax considerations
Learning Objectives
- Distinguish between accrual-basis accounting and cash-basis accounting
- Identify the revenue recognition principle
- Identify the matching principle
- Identify businesses that can use cash basis accounting
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
