The matching concept, or matching principle, is a fundamental element of accrual-basis accounting. In accrual accounting, a company records revenue in its books as soon as it has done everything ...

Take an in-depth look at the treatment of revenues and expenses within the accrual method of accounting and learn why many ...

Discover what accounting changes are, how they affect financial statements, and why full disclosure is essential for ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

What Is the Difference Between the Revenue Recognition Principle and the Expense Matching Principle? Understand the uses of these two core principles. The revenue recognition principle is a ...

Any small business that publishes financial statements must prepare those statements in accordance with generally accepted accounting principles, or GAAP. GAAP includes accounting principles and ...