Concept Builder--Accruals, Deferrals & Reversals
This packet begins with a detailed teaching narrative that explains cost theory, timing differences, the two types of accruals, the two types of deferrals, and reversing entries. Throughout the narrative are valuable charts, journal entries, and summary exhibits. Of special benefit is the Time Sheet for Accruals & Deferrals. There are terms/definitions, helpful hints, exercises to test understanding, and typical problem formats from prior year state level exams. It also has problems for students to work along with demonstrated solutions. If you always seem to run out of time getting all state level concepts covered before state meet, this packet serves as an excellent "self-study" material or a thorough review.