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HSM 260 week 2

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Question;Week Two: Basics of AccountingDetailsObjectives11.1Identify the importance of using the accrual method.1.2Apply balance statement principles to personal finances.CheckPointAccrual MethodAnswerthe following questions in 200 to 300 words:? Nonprofit organizations are required to produce financial statements based on the accrual method of accounting. How is this different from the cash basis of accounting? Why is accrual accounting important?? In an accrual system, does revenue equal cash?? What is the importance of the statement of cash flow in the financial management of an organization?Provideat least one resource to support your answer, using APA guidelines.Postyour answer as a Microsoft?Word attachment to the Assignment Link.IndividualPersonal Balance StatementReadthe background information provided in Appendix B.Completethe personal balance statement template provided in Appendix C based on your understanding of the information in Appendix B.Put your name on your sheetPostyour Appendix C as a Microsoft?Excel attachment

 

Paper#51458 | Written in 18-Jul-2015

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