What Is Accrual Accounting?

In the world of finance and accounting, understanding the financial health of a company is paramount for making informed decisions, whether you’re an investor, a creditor, a manager, or simply a curious individual. Accrual accounting provides a comprehensive view of a company’s financial performance. In this blog, we’ll delve into what accrual accounting is, how it enhances financial analysis, and how businesses can leverage accrual accounting data to develop plans and gain valuable insights into their financial health.