User Account

All Pages

Why politicians prefer the cash basis over the accrual basis

Assignment Help Accounting Basics
Reference no: EM131753322

Question - On numerous occasions, proposals have surfaced to put the federal government on the accrual basis of accounting. This is no small issue. If this basis were used, it would mean that billions in unrecorded liabilities would have to be booked, and the federal deficit would increase substantially.

(a) What is the difference between accrual-basis accounting and cash-basis accounting?

(b) Why would politicians prefer the cash basis over the accrual basis?

Reference no: EM131753322

Questions Cloud

Difference in variability of times for men and women : Is there any evidence of a difference in variability of times for men and women who finished this vertical run? Use a = 0.05 and assume normality.
What is the margin that largo company needed : What is the margin that Largo Company needed to earn in order to achieve an ROI of 14%
Compute the item weight at jefferson : Is there any evidence to suggest that the variability in item weight at Jefferson is greater than at New York Avenue? Use a = 0.01 and assume normality.
Deferred tax asset and deferred tax liability situation : Determine the corporations deferred tax asset and deferred tax liability situation, and then complete the income statement and balance
Why politicians prefer the cash basis over the accrual basis : On numerous occasions, proposals have surfaced to put federal government on accrual basis of accounting, Why politicians prefer cash basis over accrual basis
Write a summary about your assigned position : Research your assigned position as well as the alternatives so you can critically engage with your opponents' position.
Variability in speed for the exhibition powersports class : Is there any evidence to suggest that the variability in speed for the Exhibition Powersports class is greater than the variability in speed.
What will the european union look like for education : What will the European Union Look like in 2040 (Only for Education). Both assignment would be completed by the same writer. I need a same way of thinking style.
How the factor you selected might impact the pathophysiology : Post a brief description of the pathophysiology of your selected immune disorders. Explain how the maladaptive and physiological responses to the two disorders

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd