As a first-year accounting student, Irene is confused. She thought she was learning that accrual accounting provided

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As a first-year accounting student, Irene is confused. She thought she was learning that accrual accounting provided more useful information about the financial performance and position of an organisation than the statement of cash flows. The statement of cash flows is a step in the wrong direction in her opinion. Help Irene with her dilemma.

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