CPA Exam Review Spotlight (FAR): Accruals and Deferrals

Accruals and Deferals
When it comes to accounting, timing is everything. Accruals and deferrals are two of the practices through which both the revenue recognition and the matching principles are applied.  Those principles of accounting are two of the pillars on which accrual accounting (i.e., U.S GAAP) stands....
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