Accrual Accounting Fundamentals

About this course

Learn the essential concepts and foundations of accrual accounting.

• 5 lessons
• 30 min
• beginner

What you'll learn

• Define accrual accounting and the accruals concept
• Explain the timing difference between cash exchange and transaction occurrence
• Describe the revenue recognition principle and its importance for credit sales
• Explain expense recognition and the matching principle
• Identify receivables and payables as amounts expected to be received or paid in the future
• Differentiate prepaid expenses from accrued expenses

Finishing the course

• 20 knowledge-check questions along the way, so you know the ideas stuck before you move on.
• Watching is free and needs no account. Sign in to save your progress. Pass each lesson's quiz (60%+) to earn the certificate. Each certificate has its own public verification link to share, marked quiz-verified.

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