Course Description:

This episode of Accounting Basics is a Cash Accounting tutorial where you’ll learn what Cash Accounting means, who uses it, and the Advantages and Disadvantages of Cash Basis of Accounting. In this Cash Basis Accounting Tutorial, you will learn: ▪ The definition of the Cash Method of Accounting ▪ This is demonstrated using a Cash Basis Accounting example with two scenarios. ▪ You’ll also learn the Pros and Cons of the Cash Basis Accounting and under which situations it is suitable to apply the Cash System of Accounting and ‘is the cash basis allowed under GAAP and IFRS’? ▪ Is the Cash Basis better than Accrual Basis? Course Length: 5:41 Source: Accounting Stuff

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