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Business Accounting Methods
In these lessons you will learn the basics of cash and accrual accounting. By covering these concepts, you will know the differences between the methods used…Preview the first lesson free — get full access to all 4 lessons.
Beginner Provider : Anna Bull 4 Lessons · 6m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
In these lessons you will learn the basics of cash and accrual accounting. By covering these concepts, you will know the differences between the methods used in cash accounting versus accrual accounting. You will also learn about mileage tracking and the two ways to determine a reimbursement amount: the standard mileage rate and actual expense method.
What You'll Learn
- Understand the basics of cash and accrual accounting
- Distinguish between the methods used in cash accounting versus accrual accounting
- Apply mileage tracking using the standard mileage rate and actual expense method
- Determine a reimbursement amount using the two available approaches
- Define your role in your organization or industry
- Think and plan like a strategic problem-solver
Key Takeaways
- The course covers the basics of both cash and accrual accounting methods.
- Learners explore the differences between cash accounting and accrual accounting.
- Mileage tracking offers two ways to determine a reimbursement amount: the standard mileage rate and the actual expense method.
- The course encourages defining your role in your organization or industry and planning like a strategic problem-solver.
Frequently Asked Questions
What accounting methods does this course cover?
It covers the basics of cash and accrual accounting, including the differences between the methods used in cash accounting versus accrual accounting.
What will I learn about mileage tracking?
You will learn about mileage tracking and the two ways to determine a reimbursement amount: the standard mileage rate and the actual expense method.
What lessons are included in this course?
The course includes lessons on the Cash Method, the Accrual Method, the Differences between Cash and Accrual, and Mileage Tracking.
What are the learning objectives of this course?
The learning objectives are to know how to define your role in your organization or industry and to learn how to think and plan like a strategic problem-solver.
