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This workshop has been thoughtfully prepared and recorded – and you can access it immediately. Upon purchase, you’ll receive immediate access to both the online recording and handouts.
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Accounting Crash Course Part II:
Cash vs. Accrual Accounting, Tax vs. Books,
Income Adjustments (Intro to Concepts),
Balance Sheet Cash & Accrual Accounts
Approximately 76 minutes:
- Cash vs. Accrual: It’s all about timing
- Cash-basis accounting: overview
- Accrual-basis accounting: overview
- Example:
- Cash-basis results
- Accrual-basis results
- Pros & cons of cash vs. accrual
- Reports & owner perceptions
- Accrual-basis: standard activities
- What about taxes?
- Important accrual-basis refinements that impact net income
- Balance sheet accounts
- Assets: treatments for cash and/or accrual
- Liability accounts: treatments for cash and/or accrual
- Decision tree: Incoming funds – income or loans
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80 More Online Classes for only $197
Covering topics like:
Job-Costing, Construction Accounting, and Profit-Building