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Chapter 9

Accruals and prepayments

Outcome

By the end of this session you should be able to:

 understand how the matching concept applies to accruals and prepayments

 identify and calculate adjustments relating to accruals and prepayments

 record the appropriate adjustments for accruals and prepayments in the ledger
accounts

 understand the impact of accruals and prepayments on profit and net assets

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in
Chapter 10 of your Study Text

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