Accrual vs Cash Accounting & Financial Statement Designer

In this Lunch & Learn session, OAS Senior Consultant Martha Griffith explains the differences between Cash Basis and Accrual Basis Accounting and how each method impacts financial reporting, profitability analysis, and business decision-making.

The presentation covers revenue and expense recognition, GAAP compliance requirements, financial statement accuracy, tax considerations, and the advantages and limitations of each accounting method. Attendees will learn when revenue and expenses should be recorded, how accounting methods affect financial performance reporting, and why most growing organizations transition to accrual accounting.

The session also discusses practical examples, common misconceptions, and best practices for maintaining accurate financial records while supporting stronger business planning and financial management.

This training is ideal for business owners, executives, accountants, controllers, bookkeepers, and finance professionals seeking a better understanding of accounting fundamentals and financial reporting practices.