A Simple Exercise in Accrual Accounting to Illustrate the Timing of Revenue and Expense Recognition

Case Solution

Luann J. Lynch
Darden School of Business ()

In this exercise, students work for an organization that offers various events to its members and spent the months of October and November organizing and promoting a conference for members for the coming February. You will be asked to evaluate the impact of various decisions you have made regarding the conference on your organization’s financial statements.

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