There are two main types of business accounting methods: cash and accrual. In general, small-business owners have the option to choose which one to use. Both methods function to keep track of income ...

Accruals and deferrals in the accounting cycle involve the time at which income and expense entries are noted in their respective accounts. Accruals and deferrals occur only when a business uses ...

Accruals in accounting are income earned and revenue incurred that are recorded as transactions occur, rather than upon completion of payment or delivery. Accruals are the basis of the accrual method ...

Apple’s warranty accruals essentially doubled as a percentage of revenue in fiscal 2013 and 2014 vs. 2012. In fiscal 2012 Apple accrued 1.4% of its revenue to warranty costs. For fiscal 2013 and 2014 ...