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CASH AND ACCRUAL BASIS - ACCOUNTING

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Published on Nov 16, 2022

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In this video, we will discuss the difference between the cash basis and the accrual basis, the methods used to record accounting events that will result in reports for decision-making. The idea here is not to argue to see which is better, as many analysts and accountants do, but to introduce you to both methods so that you know their importance in each financial statement, because you need this knowledge to be able to interpret the financial information of companies or, if you work in accounting, the accounting events. In art. 187 of Law No. 6,404/76, the Corporations Law, the use of the accrual principle is determined for income statements. See art. 187, §1º below: § 1º In determining the income for the fiscal year, the following will be computed: a) revenues and income earned in the period, regardless of whether they are realized in currency; and b) costs, expenses, charges and losses, paid or incurred, corresponding to such revenues and income. But after all, what is the accrual principle? The accrual principle or regime determines the recording of accounting facts from the generating event, regardless of payment (in the case of costs and expenses) and receipt (in the case of revenues). The accrual principle verifies the generating event, for example: 1) Sales of goods will be recorded in the accounting records at the time the transfer occurs, that is, the delivery of the goods to the customer, regardless of the receipt of these sales. 2) Salary expenses will be recorded in the accounting records at the time they occur. In other words, if the company's employees worked in January, even if they are paid in February, the salary expense will be recognized in the accounting records in January. Video link: • CASH AND ACCRUAL REGIME ... RECOMMENDED VIDEOS: ????BALANCE SHEET AND INCOME STATEMENT = • BALANCE SHEET AND INCOME STATEMENT ... ????(DRE) INCOME STATEMENT FOR THE YEAR = • ????✅???? (DRE) INCOME STATEMENT FOR THE YEAR ... ????VIDEO GROSS X NET REVENUE = • GROSS REVENUE X NET REVENUE (DEC... ????BALANCE SHEET + INCOME STATEMENT + CASH FLOW!! ASSETS, LIABILITIES, EQUITY, PROFIT AND CASH FLOW = • BALANCE SHEET + INCOME STATEMENT + FL... Follow the channel for more studies on the financial market, stock exchange, book summaries and accounting. This channel is for recording studies and sharing knowledge! Here on this channel you will find: Summary of the books I have read, main ideas learned. Several studies of Technical + Fundamental Analysis Dollar and index studies carried out on weekends Some academic articles read TradingView tutorials Accounting Concepts Advanced accounting concepts Analysis of companies' DF's (financial statements) Subscribe and follow!! It's just the beginning! ???????? _________________________________ #accounting #CASHREGIME #COMPETENCEREGIME #financialstatements #accounting

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