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ACC 360 Module Two Assignment: You are the Controller of Metro City, Metro City has just elected a new Mayor, Bella Barnes. Bella Barnes has

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ACC 360 Module Two Assignment: You are the Controller of Metro City, Metro City has just elected a new Mayor, Bella Barnes. Bella Barnes has a financial background and is familiar with accrual accounting and the economic resources measurement focus. However, she is not familiar with modified accrual accounting or the financial resources measurement focus. She has asked you to draft a memo explaining modified accrual accounting and the financial resources measurement focus. In your memo include the following: An explanation of accrual accounting and the economic resources measurement focus; and modified accrual accounting and the financial resources measurement focus. Discuss why Metro City uses modified accrual and the financial resources measurement focus for some fund level reporting and accrual accounting and the economic resources measurement focus for entity wide reporting. The memo should be in good form and one to one and a half pages

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