Without accurate accounting, senior managers and investors are unable to access critical quantitative information which informs the strategic direction of the business. This course is designed to ...

Reviewed by Andy Smith Fact checked by Vikki Velasquez Financial Accounting: An Overview Financial accounting is the process by which an organization's revenue, receivables and expenses are collected, ...

ljubaphoto / Getty Images The main difference between accrual and cash basis accounting lies in the timing of when revenue and expenses are recognized. The cash method provides an immediate ...