Accrual Accounting

Accrual Accounting is a method of accounting where revenues and expenses are recorded when they are earned or incurred, respectively, not when cash is exchanged. Coursera's Accrual Accounting catalogue teaches you about this fundamental accounting principle that forms the basis of most modern accounting systems. You'll learn to understand and apply the concepts of revenue recognition, matching principle, and time period assumption. Moreover, you'll delve into preparing financial statements using accrual accounting, adjusting entries, and recognizing accounts receivables and payables. This skill will equip you to better manage financial information, whether as an aspiring accountant, finance professional, business owner, or anyone interested in financial management.