The Requirements for this assignment:
Must be in APA format
Must have in-text citations which also match all sources listed in reference list (which must be complete and in other words a source in the reference list must be cited in the paper and if there is an in-text citation, the source of that citation must be in the reference list)
In-text citations and reference list must be in APA format
Must be plagiarism free
Must answer all questions completely
Any source used to help answer the questions must be cited within the work and listed in reference regardless if paraphrased in own words
Need back within 32 hours.
No word or page requirement but suggest about 600-800 words
Accrual Accounting System
The accrual accounting system is a standard system used by most businesses and is also the system used in the simulation. In relation to the rules of accrual accounting, consider the following questions:
How does the accrual accounting system impact the financial statements and the standing positions of firms in the simulation such that these may not reflect the true, long-term sustainability of the firms' strategies?
What is being "unaccounted" for?
What contrasts are there between what is shown in cash flow statements and the need for firms to borrow at high rates and firms' income statements?