Cash and the Accrual basis of Accounting

Cash and the Accrual basis of Accounting

Instructions:-

Based on the video, explain two (2) advantages and two (2) disadvantages in using both the cash and the accrual basis of accounting.

Accounting, Sociology, and Business law Discussion all included in one homeowork post.

That’s three different discussions for three dollars a piece a total of $9 dollars.

Assignment is for protoje.

 

 

 

 

Accounting

 

  • Watch Accounting WITT’s video titled “Cash and Accrual – Conceptual”:
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  • Click here to open the video in a new window.
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  • Based on the video, explain two (2) advantages and two (2) disadvantages in using both the cash and the accrual basis of accounting.
  • Then, determine the one (1) that you believe provides the most useful financial information to users.
  • Identify at least two (2) types of businesses that would benefit by preparing financial statements using either the cash or accrual basis of accounting.
  • Justify your response.
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Business Law:
 
Week 3 Discussion
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Please respond to the following:

  • Review the news headline regarding exploding air bags and why legal personnel are saying this recall is different than most.
    • Video Report
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  • Based on the news headline, outline and explain two (2) other types of torts a business may be liable for and explain why. (Do not use the video example as one of your own suggestions.) Then, explore some of the steps a company may take to avoid liability for the torts you discussed. Be sure to provide legal support for your analysis.

 

 

Sociology:

 

 

Week 3 Discussion
COLLAPSE
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“Agents of Socialization, Economics, Cultural, and Social Capital”  Please respond to one (1) of the following:

  • Go to TED’s Website and watch the first two (2) minutes of the video titled, “How technology allowed me to read,” (15 min 44 s) located athttp://www.ted.com/talks/ron_mccallum_how_technology_allowed_me_to_read. Examine one (1) of the six (6) agents of socialization (family, school, peer groups, work, religion, and technology and mass media). Describe the agent of sociology that has changed the most during your lifetime and discuss the importance of this change.
  • Select one (1) of the following terms: structuralism, economic capital, and social capital, and provide one (1) example of the term using your personal experience, from your family or work environment.
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