Brightspace transactions and other events are recorded in the period when they occur when businesses receive cash before the services are performed business efforts (expenses) must match business results (revenues), i.e.. expenses are recognised in the same period revenue is recognised. transactions and other events are recorded in the period when cash is received and/or paid revenues for services 1. Accrual basis accounting 2. Cash basis accounting 3. Matching concept 4. Unearned revenues 5. Accrued revenues (or receivables) 6. Accrued expenses (or liability ASUS Vivobook