Explain difference between cash and accrual accounting

Assignment Help Accounting Basics

Reference no: EM131932648

Question: Initial postings must be 250-350 words (not including references).

Post your answer to one of the following topic questions (one post answer) by Saturday, then respond to two or more fellow classmates (two posts) by Tuesday that are thoughtful and advance the discussion. Student responses postings must be 100-150 words (not including references).These required posts (totaling three) should be completed on three or more separate days.

Choose one of the following:

1. The income statement, balance sheet, and statement of cash flows are three major financial statements that present varying snapshots of an organization's financial position. For this topic discussion, consider a healthcare organization with which you are familiar with and examine the purposes and components of these documents. How they may be utilized within healthcare organizations?

2. Consider a healthcare organization with which you are familiar with and explain the difference between cash and accrual accounting in healthcare setting. Be sure to include a discussion of the revenue recognition and matching principles.

Reference no: EM131932648

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