Learn when and how revenue is recognized in accrual accounting, even without cash receipt, following GAAP. Discover the ...

Part of running a business involves tracking revenue and costs on an ongoing basis. Companies with large- or medium-size customer bases may track accrued revenue in different ways depending on the ...

Many investors get intimidated by accounting concepts, but it's important to understand how a company brings in revenue, and how much of that money makes it to the bottom line in the form of profit.

If you run your business on a cash basis, accrued income isn't an issue. With cash accounting, you only report income when you get paid, so you don't record interest accrued on an investment. If you ...

Why is Christian Science in our name? Our name is about honesty. The Monitor is owned by The First Church of Christ, Scientist, and we’ve always been transparent about that. The church publishes the ...

Calculate interest for notes using a 360-day year for accuracy. Record interest revenue as it accrues, before actual cash is received. Adjust entries for accrued interest to match revenue recognition ...

Due to the recent turmoil in the credit markets, creditors and borrowers alike are evaluating the tax treatment of interest accruals related to troubled loans. Generally under Treas. Reg. § 1.446-2(a) ...

For beginners and experienced analysts alike, the accounting for both accrued interest and capitalized interest can seem unintuitive. However, when you dive into the logic that dictates how ...

There are many industries where companies provide goods or services but aren’t immediately paid for them. From an accrual basis accounting standpoint, these represent accrued revenue for the company.