Accrual accounting is the GAAP-preferred practice of recording all revenues and expenses when they occur, even if payment has not yet been sent or received. In business, all financial transactions ...

The downside of this method is that you pay income taxes on revenue before you've actually received it. Should you use the cash or accrual method in your business? The accrual method is required ...

Only when revenue is received in the form of an immediate cash payment does it truly qualify as revenue. Instead, accrued revenues are more likely for a business, especially when it comes to ...

The Centre for Pension Rights Advocacy has flayed the Federal Government over its decision to pay N44bn for accrued benefits for retirees between March and September 2023. In a chat with The PUNCH ...