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An accelerated transaction is a new type of transaction, a cash based transaction, instead of the typical transactions used throughout the course. Typical transactions are accrual based ones, already defined earlier in the course.

A cash based transaction is recorded when cash changes hands. Recording such a transaction requires fewer journal entries for closing an accounting period and creating financial statements.

The term "acceleration" means that instead of recording transactions individually, these are added together for the whole period and registered on 31st December.

All accelerated transactions as listed at the end of 

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