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A Simple Exercise in Accrual Accounting to Illustrate the Timing of Revenue and Expense Recognition
Lynch, Luann J. Exercise C-2372 / Published March 24, 2016 / 2 pages.
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Product Overview

In this exercise students work for an organization that offers various events to its members and have spent the months of October and November organizing a conference to be held the following February and marketed it to members. They are asked to assess the impact on their organization's financial statements of several decisions they have made regarding the conference.

  • Overview

    In this exercise students work for an organization that offers various events to its members and have spent the months of October and November organizing a conference to be held the following February and marketed it to members. They are asked to assess the impact on their organization's financial statements of several decisions they have made regarding the conference.

  • Learning Objectives