Imagine that you are a financial specialist in the Florida Department of Law Enforcement. Your agency director has received an audit report discrepancy that identified the agency was using a mixture of cash basis and accrual accounting methods. Your director wants to implement only one method and has asked you to develop a recommendation.

Now you need a recommendation that includes

A summarization of each accounting method that includes the advantages and disadvantages of each method. Cash basis, Modifies, and Accrual Accounting.

Identify which accounting method you recommend the Florida Department of Criminal Justice should implement, cash-basis, accrual, or modified accrual, and explain why you selected that method.

Identify at least two fiscal management strategies and explain how your chosen accounting method aligns with those fiscal management strategies.