Accounting Fundamentals: Accruals, Deferrals, and Reversals - Recording Available

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. This session is designed for learners with little to no accounting background.