Why Cash Accounting is MISLEADING!! Accrual vs. Cash Accounting Explained
45.7 هزار بار بازدید -
3 سال پیش
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Cash Accounting is an over-simplified
Cash Accounting is an over-simplified method of Accounting and often used by small businesses. The proper GAAP-accepted method is the Accrual Accounting. In this video we dive into an example business, examine its transactions, record the journal entries, and then see the IMPACT Cash Accounting has on the presentation of the Income Statement as proof it’s a misleading method of Accounting.
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DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!
All views expressed on my channel are mine alone. Not intended as financial or professional advice
Link to purchase a MORE EXPANDED version of the file shown in the video (highly recommend it for students and professionals):
https://thefincontroller.com/p/accrua...
My Best-Selling Products:
Get My “Night Before the Accounting Interview Guide” including All Levels Q&A:
https://thefincontroller.com/p/the-ni...
📈 Get $25 off MY ONLINE COURSE ON FINANCIAL METRICS (code: Save25)
https://thefincontroller.com/p/learn-...
My Recommended Products (I will only share what I love ❤ here)
⚪️ 🧠 Roger CPA Review Course (get 50% off): https://www.uworld.com/productreferra...
⚪️ 📚 Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/...
My Recommended Finance & Accounting Books 📚+🧠=💥
⚪️ Auditing: https://amzn.to/361wJhZ
⚪️ Forensic Accounting: https://amzn.to/2G6t9bo
⚪️ Introduction to Finance: https://amzn.to/2ExgUEA
⚪️ Introduction to Managerial Accounting: https://amzn.to/33SEyE4
---------------------------------------------------------------------
Hang Out with me on social media:
📱TikTok: thefinancialcontroller
🙋🏼♂️https://www.facebook.com/groups/78073...
📸 Instagram: the_financial_controller
DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!
All views expressed on my channel are mine alone. Not intended as financial or professional advice
3 سال پیش
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