Purchase Solution

Accrual accounting

Not what you're looking for?

Ask Custom Question

What is accrual accounting? Can you give an example of this?

Purchase this Solution
Solution Summary

This explains the accrual accounting examples.

Solution Preview

Accounting is the means by which information about an enterprise is communicated and, thus, is sometimes called the language of business. Many different users have need for accounting information in order to make important decisions. These users include investors, creditors, management, governmental agencies, labor unions, and others. Investors and other stakeholders in the firm need regular ...

Purchase this Solution
Free BrainMass Quizzes
Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

Motivation

This tests some key elements of major motivation theories.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

View More Free Quizzes
Related BrainMass Solutions

  • Accrual and cash basis accounting.

    (a) What is the difference between accrual-basis accounting and cash-basis accounting? The difference between accrual basis accounting and cash basis accounting is when revenue and expenses are recorded.

  • accrual accounting

    226132 Define accrual accounting and contrast it with cash basis accounting. Define accrual accounting and contrast it with cash basis accounting.

  • Cash and Accrual Accounting in Healthcare

    631499 Cash and Accrual Accounting in Healthcare Consider a healthcare organization with which you are familiar with and explain the difference between cash and accrual accounting in healthcare setting.

  • Accrual Accounting and Financial Statements

    344256 Accrual Accounting and Financial Statements Discuss how accrual accounting enhances the usefulness of financial statements.

  • Meaning of Accrual basis of accounting

    Meaning of Accrual basis of accounting is defined.

  • Cash Basis or Accrual Basis?

    For example, accrual accounting espouses the prudence and matching concepts that are two of the basic accounting concepts.

  • Cash basis of accounting vs. the accrual basis

    406848 Cash basis of accounting vs. the accrual basis Some accountants advocate the use of the cash basis of accounting rather than the accrual basis of accounting. Do you think that the cash basis of accounting should be allowed? Why, or why not?

  • Cash and Accrual Accounting

    116079 Cash and accrual accounting What is the difference between cash and accrual accounting? Which basis of accounting do most companies use, cash or accrual? Why? Which method is approved by GAAP? Why? Which method does the IRS prefer?

  • Differentiate between Cash-Basis versus Accrual-Basis

    413720 Differentiate between Cash-Basis versus Accrual-Basis Differentiate the accrual basis of accounting from the cash-basis of accounting.

  • Cash vs. Accrual Basis of Accounting

    Accrual Basis of Accounting Commercial accounting and generally accepted accounting principles generally prescribe the accrual basis of accounting over the cash basis. Describe both bases of accounting and explain the differences.

View More Related Solutions