Stop flipping switches blindly and learn how your accounting method actually impacts your financial reporting.
This course examines the fundamental differences between accrual and cash basis accounting and how these methods are implemented within QuickBooks Online. It details how each approach affects the recognition of revenue, expenses, and the management of specific accounts such as accounts receivable, accounts payable, and inventory. The content explains the technical limitations of toggling between reporting methods in software and emphasizes the importance of proper chart of accounts configuration for accurate financial statements. It also covers the treatment of long-term assets, depreciation, and prepaid expenses to provide a clear picture of how different accounting choices influence business liquidity and profitability reporting.
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Dr. Eric Knight is a Certified Public Accountant (CPA) with a career that bridges professional accounting and academia. He earned a B.S. in Accounting from Louisiana State University, an M.S. in Accounting from the University of North Texas, and a Doctor of Business Administration (D.B.A.) from Baker College, where his research focused on student perceptions of accounting education. With more than 25 years of combined professional and academic experience, he brings both practical expertise and scholarly perspective to my work. My professional career includes roles as a tax accountant and positions in corporate finance, where he specialized in financial analysis, reporting, and compliance. He also managed budgets, contracts, and fiscal operations across multiple departments in higher education. Dr. Knight was invited to speak at the 2025 Fall Continuing Professional Development Conference for CPA New Brunswick. Since 2008, he has dedicated himself to teaching and mentoring future professionals. Dr. Knight teaches courses in financial accounting, managerial accounting, and taxation, with a focus on clarity, engagement, and real-world application. His goal is to bridge the gap between theory and practice, equipping students with the knowledge and confidence to succeed in today’s dynamic business environment. Dr. Eric Knight’s areas of expertise include Managerial Accounting and Financial Statement Analysis, with research examining the challenges business majors face in accounting courses.
