Accounting Methods Cash Basis Accrual Basis Records expenses when paid. Records revenue when received. Records revenue when earned. Records expenses when incurred. Item Sales…
CFA Level 1 - Financial Statements Email to Friend Comments 6.1 - Introduction INTRODUCTION Financial statements are a snapshot of a company's well being at a specific…
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5-* Learning Objective 1 Explain accrual accounting and how it improves financial statements. Accrual basis accounting uses the adjusting process to recognize revenues when…
Slide 1Technology to Support System Management Kenneth LaRue Division Manager Transit Programs Division October 21, 2008 Slide 2 Began electronic data collection in 1989…