# Enrolled Agent Exam [Part 1] 95, Recognition of Income - Cash vs Accrual

Page: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-1-95-recognition-of-income-cash-vs-accrual
Text version: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-1-95-recognition-of-income-cash-vs-accrual.md
Podcast: [Finance Exam Prep](https://stenobird.com/podcast/finance-exam-prep-7658413)
Published: 2026-04-20T02:03:45+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/51bb6908-6f5f-4190-87e6-035ba03be747.mp3
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Duration seconds: 177

## Resource

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

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## Transcript

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