Accounting Fundamentals | Cash vs. Accrual Accounting

Mark Farber delineates between two systems of accounting, Cash Accounting and Accrual Accounting, using an example of a business owner.
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[angiefuentes]

Thank you Mark, the way you teach is so elocuent. And congratulations for your ability to write backwards, it is amazing!!!

[lisamccray]

I will never forget this tutorial. Thank you.

[jaketay]

Thank you so much for this tutorial, the simplicity in which you explained the concept really helped :)

[welt]

I watched 6 videos already, this 7th one, the only one who made sense

[paigecfrancis]

Third video I watched on this...first one that made sense. 👍🏽

[blye]

this was so crystal clear and i really needed this, thank you

[Infinite.Freefall]

Were you really writing backwards while giving this lecture? Are you an actual robot? Very clear and well presented! Thank you! :)

[DreamFirms]

Very well-researched and fine-made video this is.

[bozomonster]

If I receive a check for payment from my customer on December 28th 2022 and enter the payment into Quickbooks but don't deposit it until January 1st 2023 does it go towards 2022 or 2023 income?

[sushilbhambani]

Which software you have used for this type of video

[kelvinjones]

Why log revenue and expenses for June if the contract was signed in May as well as the supplies which were purchased in May?

[dinaraquliyeva]

PLEASE, İ NEED THE ANSWER 🥺 :
✅ do we recognoze asset (inventory) or expense (COGS) when payment is made for supplies UNDER CASH ACCOUNTİNG ?

[emonymph]

What happens in Accrual accounting if payment was not made? Poor Joe should not have to pay tax on 'revenue' never received.