Grantham ACC220 Week 1 Discussion Latest 2022 November

ACC220 Financial Accounting

Week 1 Discussion

Accrual vs. Cash

For your follow up post...review the responses provided by your peers. Engage in conversation, or even civil debate, as you discuss their insights and viewpoints. You may ask questions for clarification (if you are confused by their initial post) or pose questions that advance the conversation. You might even find a topic that leads you to further research in the area!

There are two types of basic accounting methods: Cash Basis Accounting and Accrual Basis Accounting. Find an article that discusses on an organization’s accounting methods (cash-basis or accrual-basis) or provide a real-life example. Then, share with the class the selected example’s basic accounting method and the method’s characteristics. Go to at least two other colleagues’ posts that present the other type of basic accounting method and share the difference between the methods.