CATEGORY: Sales

The Adjusting Process

Course Access: Lifetime
Course Overview

This course covers the accounting period adjusting process, including its place in the accounting cycle. Examples of prepayments, deferrals and accruals will be used to explain the “how” and the reasons for adjustments to accounts.  A brief discussion contrasts the differences between cash basis vs. accrual basis accounting.  Through practice, the “trigger” words for transactions that require adjustment will be identified.

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