Accounting Transactions and Concepts

Assignment Steps

· Show research on the matter that is properly cited and referenced according to APA with references

· Your posts that you want to count toward your substantive participation grade should be at least 100-150 words of each one of the following subjects:

1. Explain revenue and expense recognition principles.

2. Differentiate between the cash and accrual methods of accounting.

3.  The Accounting Information System - What criteria are considered when identifying a business transaction?

4. The Accounting Information System - How are debits and credits used to record these transactions?

5. Accrual Accounting Concepts - What is the theory behind the matching principle?

6. Accrual Accounting Concepts In what method of accounting, accrual or cash, does the matching principle apply?

7. Cash V. Accrual Accounting - What are the differences between the cash and accrual methods of accounting?

8. Cash V. Accrual Accounting  - Explain the benefits of each for business.