duction: Part of your learning for Chapter 3 was to understand the timeliness of accurate financials. You have also learned about cash versus accrual basis accounting, and the foundational reason behind each approach to financial reporting. For this week's discussion you are to interview a local business accountant. (This can be a friend or relative.) Opening the lines of communication with members of the accounting community can provide personal benefits of business networking Required- Ask the following: 1. Does the company prepare interim financial statements? What time periods are used to report? i.e. - Weekly, monthly etc. 2. Does the company use cash or accrual basis of accounting? 3. Does the company use an accounting software program? If so, which? 4. How long does it take after the end of its reporting period to complete annual statements? Instruction for Post