Accruals and Prepayments made EASY: learn the basic concepts and how to solve accruals and prepayments exam questions with a helpful template. We'll do question 16 from the ACCA FA specimen exam together and learn how to use the accruals / prepayments template with an exam question. In this video, accruals and prepayments are explained and made easy.
00:00 Introduction
00:38 Basic expense account review
01:32 Matching concept explained
01:55 Prepayments explained
06:10 Accruals explained
09:20 exam template/pro forma explained
13:30 FA specimen exam question 16 explained
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Steve Willis ACCA
How to Pass ACCA Exams
Accruals and Prepayments Help
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