When used by governments, what is modified accrual accounting and how does it affect revenue recognition for

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When used by governments, what is modified accrual accounting and how does it affect revenue recognition for the following types of revenue: property taxes; sales and income taxes?

In your opinion is modified accrual accounting the best basis of accounting for governments? Why or why not?

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Cost Management Measuring Monitoring and Motivating Performance

ISBN: 978-0470769423

2nd edition

Authors: Leslie G. Eldenburg, Susan K. Wolcott

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Posted Date: Nov 08, 2018 03:07 AM

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When used by governments, what is modified accrual accounting and how does it affect revenue recognition for

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Part 1 Modified accrual accounting involves recognition of revenues as and when they become available and measurable Similarly expenses are recognized ... View the full answer

Cost Management Measuring Monitoring and Motivating Performance

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