Why Accounting Makes Sense In Class But Not At Home

Why do financial accounting concepts make sense when we hear them in class, but the sense of accounting seems to get lost when we apply the same accounting concepts at home. I know I experienced this when learning accounting concepts. As I wrote down each step in an accounting process on paper along with the… Continue reading Why Accounting Makes Sense In Class But Not At Home

Why Accounting Makes Sense In Class But Not At Home

Why do financial accounting concepts make sense when we hear them in class, but the sense of accounting seems to get lost when we apply the same accounting concepts at home. I know I experienced this when learning accounting concepts. As I wrote down each step in an accounting process on paper along with the… Continue reading Why Accounting Makes Sense In Class But Not At Home

Cash Basis VS. Accrual Basis – The Epic Battle?

Accrual Basis and Cash Basis

The accrual basis can be compared and contrasted to a cash basis, the cash basis being a simplified method, one which does not provide information as useful, as relevant, or as accurate as an accrual method. What We Need to Know About Cash Basis Cash basis┬áRecords revenue when cash is received and expenses when cash… Continue reading Cash Basis VS. Accrual Basis – The Epic Battle?