Understanding the difference between cash accounting and accrual
accounting is critical to becoming a good accountant. What is the
difference between cash and accrual methods of accounting? Which
type of statements do you think provide more useful information and
why-- accrual-basis financial statements or cash-basis statements?
Can you explain to a non accounting person, Thank you!
400 or more words discuss the difference between managerial
accounting and financial accounting. Do some research and find
examples of ways that management accounting and financial
accounting help companies, economy, and others. If you are using
other sources than your text book, provide references.
Explain the difference between a training set and a testing set.
Why do we need to differentiate them? Can the same set be used for
both purposes? Why or why not? explain with your own words
please
a. Why do major companies use accrual accounting?b. Do you think that the owner of the food stand on 45th and Fifth Avenue used accrual accounting or the other type of accounting?c. What is the other type of accounting?
Discuss the difference between a bank-based and a market-based
financial system, and state whether the financial systems of
developing countries are generally characterised as bank-based or
market-based