Module 12: Revenue and expense recognition
When revenue and expenses are recorded under accrual and cash bases.
1. Accrual basis vs cash basis
Compare when revenue and expenses are recorded under each basis, with side-by-side numbers.
About 8 minutes · 2 practice sets · Free
2. Revenue recognition at an introductory level
Recognize revenue when the service is performed or the goods are delivered.
About 8 minutes · 3 practice sets · Free
3. Expense recognition and matching
Record expenses in the period they help earn revenue — including costs not yet paid.
About 8 minutes · 3 practice sets · Free
4. Period cutoff
Make sure transactions near month-end land in the correct period.
About 8 minutes · 3 practice sets · Pro practice