Cash vs. Accrual Accounting

In this video, we are going to compare cash and accrual bases of accounting. Generally accepted accounting principles require the accrual basis of accounting.
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The textbook used in this video: Survey of Accounting, Carl S. Warren. Publisher: Cengage Learning.

Timeline:
00:00 Introduction
00:23 Who Uses the Cash Basis of Accounting
00:50 Cash Basis
01:13 Accrual Basis
02:08 Net Income and Net Cash Flows: Cash Basis Compared to Accrual Basis
02:30 Cash vs. Accrual Basis: Example
04:33 Accrual Accounting and The Accounting Cycle
05:31 Recommended Videos and Playlists

Additional resources:
https://www.amsa-online.com/free-reso...

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