accrual method, Accounting Basics

Answer the following questions in 200 to 300 words:







· Nonprofit organizations are required to produce financial statements based on the accrual method of accounting. How is this different from the cash basis of accounting? Why is accrual accounting important?







· In an accrual system, does revenue equal cash?







· What is the importance of the statement of cash flow in the financial management of an organization?







Provide at least one resource to support your answer, using APA guidelines.

Post your answer as a Microsoft® Word attachment.
Posted Date: 7/8/2012 3:38:49 PM | Location : United States







Related Discussions:- accrual method, Assignment Help, Ask Question on accrual method, Get Answer, Expert's Help, accrual method Discussions

Write discussion on accrual method
Your posts are moderated
Related Questions
please i need to know how to solve question in balance sheet

How would you summarize Apple's cash flow position and what does this statement tell you about where the money is coming from and where it's going? What should Apple do to improv

Corporations frequently invest in securities issued by other corporations. Some investments are acquired to secure a favorable business relationship with another company. On the ot

How do you set up a t account correctly?

20 hypothetical inventory transactions both sale and purchase

Q. Dividends paid to owners? Stockholders' equity is (a) improved by capital contributed by stockholders and by revenues earned through operations and (b) decreased by expenses

A sweep account is actually a grouping of two or more accounts at a bank. It is useful in managing a steady cash flow among a cash account where scheduled payments are made from an

In the process of giving information from a business to a prospective buyer, an accountant is requesting a Reconsolidation for last December. What is that?

While mainly students are aware that accountants frequently assist their clients with tax returns and other tax issues, few are aware of the large number of diverse and challenging

Hi, How to get help with tutor, in accounting exam prepartion? please suggest?