Episode
Enrolled Agent Exam [Part 1] 95, Recognition of Income - Cash vs Accrual
- Podcast
- Finance Exam Prep
- Published
- Apr 20, 2026
- Duration seconds
- 177
- Processing state
not_requested- Canonical source
- https://open-exam-prep.com/
Actions
POST https://stenobird.com/v1/public/podcasts/finance-exam-prep-7658413/episodes/enrolled-agent-exam-part-1-95-recognition-of-income-cash-vs-accrual/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-1-95-recognition-of-income-cash-vs-accrual.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • Distinguish between the cash method (income when received) and the accrual method (income when earned). • Identify constructive receipt and when income is considered available without substantial limitation. • Apply the "all-events test" to determine income recognition for accrual-basis taxpayers. • Recognize the special one-year deferral rule for certain prepaid income under the accrual method. • Pinpoint which types of businesses are generally required to use the accrual method for tax purposes. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep