What is the major defect of the cash basis of accounting?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
The cash basis fails to match accomplishments with efforts in a single accounting period In ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
Question Posted:
Students also viewed these Accounting questions
-
What do you think is the major defect in the Leontief test that might have caused the paradox to occur? Why?
-
What is the major requirement for a glacier to form?
-
What is the major distinction between income and expenses under IFRS?
-
Blue Spruce Corporation, a public company, is a large silver producer. Selected condensed information (in millions) for Blue Spruce Corporation follows for the year ended September 30, 2021: Cost of...
-
Classical economists assumed that wage rates, prices, and interest rates were flexible and would adjust quickly. Consider an extreme case: Suppose classical economists believed wage rates, prices,...
-
Discuss the unique features of organizational design at Harley-Davidson.
-
Explain international staffing policy. LO.1
-
A number of countries have either banned incandescent light bulbs already or have begun phasing out such lighting in favor of more fuel-efficient compact fluorescent bulbs. These restrictions are...
-
E12-22 (Algo) (Supplement A) Reporting and Interpreting Cash Flows from Operating Activities from an Analyst's Perspective (Direct Method) Rodriguez Company completed its income statement and...
-
Financial statements of Champlain Ltd. and its 80%-owned subsidiary Samuel Ltd. as at December 31, Year 5, are presented below. Additional Information ¢ Champlain acquired 8,000 ordinary shares...
-
Merck & Co., Inc., the giant pharmaceutical company, had the following actual data for fiscal year ended December 31, 2011 ($ in millions): Assets, beginning of period ............ $105,781 Assets,...
-
Give two synonyms for income statement. Why is it important to learn synonyms that are used for various accounting terms?
-
Suppose your company produces one product an d that you are currently at an output level where your price elasticity is 0.5. Are y ou at the optimal output level for profit maximization? How can you...
-
Financial Statement Items Identify the financial statement (or statements) in which each of the following items would appear: income statement (IS), statement of stockholders' equity (SSE), balance...
-
Recall from Chapter 4 that Tiger Stripe Copy Center is a small business located near a large university campus. Tiger Stripe Copy offers a range of services to walk-in customers, including passport...
-
Accounting Processes Identify the following processes as either measuring or communicating. a. Prepare financial statements for the entity b. Identify relevant economic activities of the entity c....
-
To estimate future values of the cost indices, one is tempted to assume that the average value for the year occurred at midyear (June 30-July 1) and that the linear fit to the recent data can be...
-
Reston Manufacturing Corporation produces a cosmetic product in three consecutive processes. The costs of Department | for May 2016 were as follows: Department | handled the following units during...
-
Which of the following has been a finding of prior research that has examined whether information systems audit staff should be recruited with an information technology background or an audit...
-
Rewrite Programming Exercise 7.5 using streams. Display the numbers in increasing order. Data from Programming Exercise 7.5 Write a program that reads in 10 numbers and displays the number of...
-
In January 2022, Joey contributed investment land he had held two years with a FMV of \($6,000\) and an adjusted basis of \($10,000,\) and Rachel contributed \($6,000\) cash to form the Green...
-
How is partial-year depreciation expense calculated?.
-
What changes in estimates affect calculation of depreciation expense using the straight-line method? Explain the appropriate accounting treatment when there is a revision of an estimate that affects...
-
Explain the process for determining whether the value of a longlived asset has been impaired, and the required adjustments to the accounting records.
-
Which of the following programs covers custodial care? A HMOs B Medicare Part B C PPOs D Medicare Part A E Medicaid
-
uppose a taxpayer has exhausted his lifetime exclusion amount and has $14 million. a. Assuming a flat 40% gift tax rate, what is the maximum amount a taxpayer can transfer to her daughter (and still...
-
Physical Units Method, Relative Sales Value Method Farleigh Petroleum, Inc., is a small company that acquires high - grade crude oil from low - volume production wells owned by individuals and small...
Study smarter with the SolutionInn App