Given the importance of moving from the monetary basis to accrual in a smooth and simple manner, this training course shows the foundations for the transition from the monetary system to the accrual system using a computer.
And the cash basis accounting is based on the movement of cash only, but accrual accounting records revenues when they are realized and expenses when they happen instead of recording them when receiving or paying the relevant cash amounts, in addition to recording accrual accounting for assets, liabilities and property rights {net assets}.