Examines the generally accepted accounting principles relating to the preparation of financial statements. The student will study, in depth, the valuation and disclosure problems associated with the ...

Accrual accounting is more intricate, requiring more robust systems to track items owed to others or owed to you. Adherance to the Matching Principle Accrual accounting adheres to the matching ...

Accrual accounting recognizes costs and expenses when they occur rather than when actual cash is exchanged. The matching principle of accrual accounting requires that companies match expenses with ...