Summarize each accounting method, including advantages and disadvantages of each method.Identify which accounting method you recommend the agency should implement—cash-basis, accrual, or modified accrual—and a detailed explanation of why you selected that method.
A financial specialist oversees fiscal management for the government or security agency. He or she performs audits and maintains compliance. Imagine you are a financial specialist in a state or local government criminal justice agency. Your agency director has received an audit report discrepancy that identified the agency was using a mixture of cash basis […]