It's Accrual, Accrual World

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Real Money

Executive Director of Springfield Little Theatre, Beth Domann, and Donna Coppock, Corporate Trainer at The Great Game of Business take a decidedly unstuffy look at the often dry subject of accounting. They talk a bit about the general function and purpose of accounting and then go a little more in-depth about the two types of accounting: cash basis and accrual basis. They explain the differences between the two and why accrual basis accounting is so important for businesses.