Accrual-based accounting ensures accuracy and promotes transparency in financial records.
Webinar
In this session of the Accounting Fundamentals Series, we look at the concept of accrual-based accounting and how it differs from cash-based accounting. We also examine accrual-adjusting journal entries, discuss why reversing journal entries are used with accrual-adjusting entries, and walk through basic scenarios.
The Accounting Fundamentals series is presented by UC Davis Central Accounting and Aggie Enterprise Change, Communications, and Training. These sessions are designed for staff with little to no accounting experience.
Media Resources
Accounting Fundamentals: Accruals, Deferrals, and Reversals slides (PDF)