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AIU Cash Basis Accounting Paper
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In your own words, answer this unit’s discussion questions in a main post (recommended minimum 200 words), and respond to at least 2 peers’ postings (recommended minimum 75 words).
After you have reviewed the Assignment Details below, click the Discussion Board link under the My Work heading above to open the Discussion Board and make your post.
Use these videos for help on how to post to the Discussion Board:
Assignment Details
Businesses elect to use different accounting approaches. Two of the popular approaches are accrual and cash basis accounting methods.
- If you opened a small business, would you use the cash basis or the accrual basis of accounting?
- What factors would you consider in your decision?
Read through your peers’ posts, and when you respond to them, consider the following:
- Provide suggestions on the additional factors that an organization should consider when selecting the cash or accrual method of accounting.
- Discuss why you agree or disagree with the rationale that your peers gave for their selection on the appropriate method.
