Accrual accounting occurs when a business counts transactions on the books regardless of when they are paid in full, according to Nolo. Transactions are counted when an order is made or goods are received when using the ... More »

Accrual accounting provides an accurate way of matching business income and expenses to the correct time periods, explains Nolo. Businesses with sales of over $5 million per year or inventories exceeding $1 million are l... More »

Creative accounting refers to any accounting practice that is technically correct but deviates from how accounting policies were intended to be used. In general, creative accounting capitalizes on loopholes in generally ... More »

Accrual accounting provides an accurate way of matching business income and expenses to the correct time periods, explains Nolo. Businesses with sales of over $5 million per year or inventories exceeding $1 million are l... More »

Basic accounting procedures include collecting financial documents, posting transactions and reconciling accounts. Other procedures include auditing accounts payable and accounts receivable, and conducting internal and e... More »

Tips for learning basic accounting principles involve understanding the basic fundamental equation, recording transactions, entering debits and credits properly, and preparing journal entries, notes Basic Accounting Help... More »

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Intercompany accounting is the process by which firms reconcile a company's transactions to eliminate duplication among different departments that may result in overstating assets, according to Oracle. Companies must adj... More »