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        XACC 280 week 3 Discussion Question 1 & 2

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        XACC 280 week 3 Discussion Question 1 & 2

        ABSTRACT

        For more course tutorials visit www.xacc280.com Discussion Questions • What would be the effect of removing either the Matching Principle or the Revenue Recognition Principle from the process? Use a concrete example of how doing so might affect accounting in a given period. Respond to your classmates’ postings by commenting on what might happen, if expenses are recognized over a period that is longer or shorter than that used for revenues. • What is the difference between the cash basis of accounting and the accrual basis of accounting? Which one would you select for a company that has inventory and why? Does the size of the company make a difference? Explain how. What would be the advan ....read more

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