Cash vs. Accrual Accounting - Acc 311, The University of Texas

in Chapter 3 (Video 4 of 5)

7 minutes

Some businesses operate on the Cash Basis of accounting, but most are on the Accrual Basis. Cash is super simple, Accrual gets a little trickier.

This Video Mentioned Some Formulas

Revenues

– Expenses

Net Income

1	The Multistep Income Statement	12:44
2	Gross Profit vs Net Profit	6:15
3	Profit Margin	3:22
4	Cash vs. Accrual Accounting You are here.	7:21
5	Expense Recognition	8:07

	Click Here to View All Chapter 3 Problems at Once	View
1	Revenue Recognition	Easy
2	Determining Net Income From Transactions	Moderate
3	Determining Net Income From Journal Entries	Moderate
4	Calculating Operating Income	Hard
5	Revenue and Expense Recognition	Hard