Accrual accounting incorporates both accruals and deferrals to ensure that revenues and expenses are recorded in the appropriate periods. Accruals include items like unpaid wages or earned ...

Next, adjustment entries are made to correct any errors and account for accruals, deferrals, and estimates. Finally, the financial statements are generated and published, the books are closed ...

ranging from journal entries and bank reconciliations to management of a complex fiscal year-end close process with accruals and deferrals. She has developed budgets for both large ($5 million ...