Accounting for Accruals and Deferrals at the End of the Period
In this video we tackle the fundamental accounting problem of deferrals and accruals identified at the end of the period. We will continue building on the Food-on-the-Go case in order to analyse which revenues and expenses should be counted towards the estimation of the periodic income. Please be aware that the video in the previous step is a fundamental pre-requisite to fully appreciate the concepts introduced here.
In the following video, we will move towards the estimation of income and balance sheet at the end of the year.
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