Accounting
Textbooks
Boundless Accounting
Detailed Review of the Income Statement
Accounting Textbooks Boundless Accounting Detailed Review of the Income Statement
Accounting Textbooks Boundless Accounting
Accounting Textbooks
Accounting

Section 3

Expense Recognition

Book Version 3
By Boundless
Boundless Accounting
Accounting
by Boundless
View the full table of contents
3 concepts
Thumbnail
Expense Recognition

Expense recognition is an essential element in accounting because it helps define how profitable a business is in an accounting period.

Thumbnail
Current Guidelines for Expense Recognition

For an expense to be recognized under the matching principle, it must be both incurred and offset against recognized revenues.

Thumbnail
Differences Between Accrued and Deferred Expenses

Accrued and deferred expenses represent the two possibilities that can occur due to timing differences under the matching principle.

Subjects
  • Accounting
  • Algebra
  • Art History
  • Biology
  • Business
  • Calculus
  • Chemistry
  • Communications
  • Economics
  • Finance
  • Management
  • Marketing
  • Microbiology
  • Physics
  • Physiology
  • Political Science
  • Psychology
  • Sociology
  • Statistics
  • U.S. History
  • World History
  • Writing

Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.