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Accounting Crash Course II: Income Measurement Methods, Special Accounts & More (1405/Level 1)


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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.


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:

  1. Cash vs. Accrual: It’s all about timing
    • Cash-basis accounting:  overview
    • Accrual-basis accounting:  overview
  2. Example:
    • Cash-basis results
    • Accrual-basis results
    • Pros & cons of cash vs. accrual
    • Reports & owner perceptions
    • Accrual-basis:  standard activities
  3. What about taxes?
  4. Important accrual-basis refinements that impact net income
  5. Balance sheet accounts
    • Assets:  treatments for cash and/or accrual
    • Liability accounts:  treatments for cash and/or accrual
  6. Decision tree:  Incoming funds – income or loans

$147

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