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 ...

Accrual accounting is the preferred approach for companies reporting their financial statements under generally accepted accounting practices (GAAP), which are issued through the standards of the ...

Improving farm efficiency is vital in today’s farming world. Keeping track of your farm financial records and being able to ...

The National Treasury has issued new guidelines for a nationwide shift from cash-based to accrual accounting to boost ...

Accrual accounting has the potential to improve governance, internal controls, and risk management within government and in public sector entities. The Cabinet last year approved a major shift in ...

The National Treasury has issued a set of guidelines to all accounting officers in ministries, departments, and agencies, as ...