Summarize each accounting method, including the advantages and disadvantages of each method.

Summarize each accounting method, including the advantages and disadvantages of each method.

Exam Content

  1. A financial specialist oversees fiscal management for the government or security agency. He or she performs audits and maintains compliance.Imagine you are a financial specialist in a state or local government criminal justice agency. Your agency director has received an audit report discrepancy that identified the agency was using a mixture of cash basis and accrual accounting methods. Your director wants to implement only one method and has asked you to develop a recommendation.
  2. Write a 525- to 700-word recommendation in which you:
    • Summarize each accounting method, including the advantages and disadvantages of each method.
    • Identify which accounting method you recommend the agency should implement—cash-basis, accrual, or modified accrual—and a detailed explanation of why you selected that method.
    • Explain how your chosen accounting method aligns with fiscal management strategies.

Cite at least 2 outside references to support your assignment.

  1. Format your assignment according to APA guidelines.

Requirements: 700 words

Subject:
Masters Business Law

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