Special Purpose Frameworks: Accrual vs Cash Basis Accounting
Special purpose frameworks, also known as other comprehensive bases of accounting (OCBOA), include approaches like the accrual and cash basis of accounting. While the accrual basis recognizes revenues and expenses when they are earned or incurred, irrespective of when cash transactions occur, the cash basis accounts for revenues and expenses only when cash is exchanged, providing a more immediate view of cash flow.
Lesson Videos
Special Purpose Frameworks: Accrual vs Cash Basis Accounting Overview
Special Purpose Frameworks: Accrual vs Cash Basis Accounting Objectives
Differences Between Cash Basis and Accrual Basis Accounting
Converting from Cash Basis to Accrual Basis
Cash Basis to Accrual Basis Example
Special Purpose Frameworks: Accrual vs Cash Basis Accounting Summary
Special purpose frameworks: accrual vs cash basis accounting - Practice Questions
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