In this episode, we will be discussing the Accruals Concept, Accounting Period and Accounting Estimates. 

Accruals Concept: What is meant by this fundamental concept? And we'll provide an example of how this matching concept.

Accounting Period: We discuss what is meant by the Accounting period and what a company can choose as their year-end.

Accounting Estimate: in addition to examples of accruals and amortisation discussed in the podcast, we also give some extra examples of the Accounting Estimates to help you understand that accounting is an exact science.