Cash vs Accrual Based Accounting for Government Contractors

This event qualifies for 1.0 CPEs

Cash basis accounting is easily understood and usually adopted by most start-up companies. Cash basis reports only consider the flow of cash in or out of the business without regard for the often complicated rules of accrual basis accounting. Accrual basis accounting requires matching of revenue and expenses and recognition of revenue when earned and expenses when incurred - all regardless of when the cash was received or spent. Accrual basis accounting provides a more accurate picture of the business and is a requirement for government contractors to achieve an adequate accounting system.


Learning Objectives

1. Describe cash versus accrual based accounting
2. Define the matching principle
3. Explain the concepts of revenue recognition
4. Describe the impact of accrual accounting on filing taxes



Left Brain Professionals is the registered sponsor of this event.

Left Brain Professionals Inc is registered with the Ohio Board of Accountancy (license CPE.445) as a sponsor of continuing professional education. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the Ohio Board of Accountancy through its website:

Speaker and Presenter Information

Award-winning speaker Robert E. Jones shows audiences how to navigate the constantly changing legal and regulatory landscape of government contracts. In his engaging and highly rated presentations, he shares insider secrets drawn from 18+ years of DoD contract and accounting experience. His proactive, decisive approach to finding opportunities and solving problems is based on experience in managing more than $400 million in federal contracts.


Mr. Jones has experience with a wide variety of speaking engagements including emcee/moderator, seminars, training, chapter meetings, and conference presentations. He engages audiences with innovative approaches to contract profitability, accounting, compliance and related topics.


The West Virginia native earned a bachelor’s degree in accounting from the McColl School of Business at Queens University of Charlotte in North Carolina. He holds a master’s degree in accountancy from The Graduate School of the College of Charleston in South Carolina. He is a licensed CPA in the State of Ohio.

Relevant Government Agencies

Air Force, Army, Navy & Marine Corps, DOD & Military, NASA, Federal Government, NSA

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Tue, Jul 12, 2022, 1:00pm - 2:00pm ET

Complimentary:    $ 0.00

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