Discover when businesses must use accrual accounting and how it differs from cash accounting. Learn why it's essential for ...

Take an in-depth look at the treatment of revenues and expenses within the accrual method of accounting and learn why many ...

Thanks to accrual basis accounting, many expenses appear on the balance sheet before money changes hands. The company records these expenses, called accrued expenses, in the period they occur. They ...

It makes a big difference when companies recognize revenues. The "accrual" method of recognizing sales is an important concept to understand, because under this system, a company might not have ...

Accounting has two methodologies to recognize income and expenses: cash and accrual basis. Each method has its merits, benefits and disadvantages. Depending on which you select, you will get a ...

Need a break? Most employers think you do. According to the Bureau of Labor Statistics, 76 percent of workers in private industry enjoy paid vacation time, making it one of the most common benefits ...

In November 2014, a Michigan bankruptcy judge confirmed a plan that allowed Detroit’s government to shed $7 billion in liabilities, averting a total financial collapse. One year later, however, many ...

It's important to understand how your companies are booking their sales. The "accrual" method of recognizing sales is an important concept to understand, because under this system, a company might not ...