Accounting for Accruals and Deferrals at the End of the Period
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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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