What are Accruals?
To those studying for the Level 1 CFA Exam: this article details the differences between unearned revenue, prepaid expenses, accrued revenue, and accrued expenses.
Author: Peter Greco
Peter holds a Master's Degree in Information Systems, has passed the first level of the CFA exam, and is currently working as a data analyst for a financial institution while studying for Level II of the CFA exam.
