For the factors listed below, indicate whether they significantly contribute to the use of accrual accounting for financial reports (rather than using the cash basis).

Significant contributor Not a significant contributor Factor Establishment of accounting standard setters such as the International Accounting Standards Board a. b. Invention of the double-entry system c. Creation of indetinite-life entities d. Development of credit cards and other of bookkeeping such as corporations substitutes for cash e. Preparation of periodic financial reports f. Incomplete transactions at reporting dates g. The going-concern assumption h. Accoun ting standards such as IFRS require accrual accounting i. Financial reports using a ccrual accounting are simpler to understand compared with tho se prepared using cash accountin