Accruals and Prepayments

This comprehensive course on Accruals and Prepayments provides a deep understanding of these fundamental concepts in accounting. Accruals and prepayments play a crucial role in accurately recording financial transactions and ensuring accurate financial reporting.

Throughout the course, participants explore the principles, techniques, and best practices related to accruals and prepayments. Starting with an overview of accrual accounting, learners gain insights into the timing and recognition of revenue and expenses, as well as the impact on financial statements.

By the end of the course, participants will have developed a solid foundation in accruals and prepayments, enabling them to make informed financial decisions, improve financial reporting accuracy, and effectively manage their organization’s financial resources.

Course Key Concepts: Accruals concept, Accruals, Prepayments, Deferred income, Income received in Advance, Arrears, Cut-off, Liability, Asset, Financial Statements.