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Prescribe the accrual basis of accounting over the cash basis. Resource: Ch. 4 of Financial Accounting Complete Exercise BE4-1. Complete Problems 4-2A & 4-3A. Answer the following: ·  Commercial accounting and generally accepted accounting principles, generally prescribe the accrual basis of accounting over the cash basis. ·://yourhomeworksolutions.com/wp-content/uploads/edd/2018/03/20140509020146financial_accounting_6e_ch04__2_.pdf”>financial_accounting_6e_ch04__2_ Answer preview to prescribe the accrual basis of accounting over the cash basis. APA … Read more

Explain why you would want the financial statements to be audited. This week’s focus is on the preparation of financial reports for internal users, such as managers. This case study applies the concepts of managerial accounting, through comparative and ratio analysis, and requires students to identify financial data needed by managers for decision making. About … Read more

Which forecasting techniques are available for budgeting purposes Assignment 1: Discussion—Forecasting and Budgeting Although non-accounting managers use budgets based on past performance and projections of costs and revenues for short-term planning, relying on such information is not enough. Managers also need to predict many of their companies’ future financial conditions and the activities that accompany … Read more