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Accrual Accounting and End-of-Period Adjustments: Study Notes

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Accrual Accounting vs. Cash Basis Accounting

  • Guided course
    Cash Basis Accounting
    04:05
  • Guided course
    Accrual Accounting
    06:49

Revenue Recognition and Expense Recognition

  • Guided course
    Revenue Recognition Principle
    03:24
  • Guided course
    Expense Recognition - The Matching Principle
    04:18

Introduction to Adjusting Journal Entries and Prepaid Expenses

  • Guided course
    Step-by-Step Process for Prepaid Expenses
    04:19
  • Guided course
    Introduction to Adjusting Journal Entries
    02:56
  • Guided course
    Adjusting Journal Entries:Prepaid Expenses (Accrual Accounting Method)
    08:12

Summary of Adjusting Entries

  • Guided course
    Summary of Adjusting Entries
    07:45

Closing Entries

  • Guided course
    Introduction to Closing Entries:Temporary and Permanent Accounts
    02:37
  • Guided course
    Closing Journal Entries
    08:02