This eight-step repeatable guide is a basic checklist of what to do during each accounting period. All phases are covered, from identifying and recording transactions to checking for discrepancies ...

Reviewed by Andy Smith Fact checked by Vikki Velasquez Financial Accounting: An Overview Financial accounting is the process ...

The same could occur with expenses not being allocated to the correct period they were incurred. Accrual Accounting Vs. Cash Accounting The main alternative to accrual accounting is the cash basis ...

Reviewed by David Kindness Fact checked by Suzanne Kvilhaug Accounting vs. Economics: An Overview Accounting is a profession that records, analyzes, and reports income and expenses for individuals and ...