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Understand Accruals and Prepayments | Accruals and Prepayments Simplified

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 ************* Steve Willis ACCA How to Pass ACCA Exams Accruals and Prepayments Help

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