Cash Accounting

This video introduces cash accounting. An accountant, who is responsible for preparing financial statements, is concerned with accrual basis accounting; whereas, the financial analyst or manager is concerned with cash-basis accounting by keeping track of the real uses and sources of cash. Make sure you understand this difference.


Source: Khan Academy
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.

Last modified: Wednesday, October 14, 2020, 5:09 PM