This video series is for those new to accounting or individuals who just want to know a little more about accounting basics. That is my target audience.
In this video I explain Accrual Accounting in Integrated Financial Statements. More specifically, I explain the basics of accrual vs. cash accounting. To make the concept more concrete, I actually use a live integrated financial statement model in Excel (which you can download below) to record transactions for a fictional medical practice. Therefore you will be able to follow along in real time and see how different parts of the integrated statements change in relation to each other via Excel formulas!