After reading Chapter 8, you are now very familiar with the additional work required to convert modified accrual basis government fund financials to accrual basis government-wide financials. In the article readings for this week (and many more articles available online), there is debate regarding whether accrual accounting should be adopted by governmental units globally rather than a cash basis accounting system currently used by many governments.
Pick a side of the governmental accounting discussionâ€”cash basis accounting or accrual basis accountingâ€”and create a virtual debate with your classmates! Each student must post his or her own comments regarding the subject matter, and responses must also be posted on an individual basis.
Please be respectful to your colleagues in your commentary. Everyone has the right to their own opinion.
Your document should be 250-500 words with appropriate citations/references.