The accrual basis of accounting provides a more comprehensive view of a company$$s financial position compared to the cash basis. How does the accrual basis improve the accuracy of financial statements, particularly in terms of reflecting a company$$s liabilities and receivables? Discuss the advantages and potential drawbacks of using the accrual basis, including its impact on financial analysis and decision$-$making. How do accrual accounting principles ensure that financial statements present a true and fair view of a company$$s operations, and what are the challenges in implementing these principles consistently? $10$ points