The Conceptual Framework $($para$.1\mathrm{.}17)$ states, Accrual accounting depicts the effects of transactions and other events and circum$-$stances on a reporting entity$$s economic resources and claims in the periods in which those effects occur, even if the resulting cash receipts and payments occur in a differ$-$ent period. This is important because information about a reporting entity$$s economicresources and claims and changes in its economic resources and claims during aperiod provides a better basis for assessing the entity$$s past and future performancethan information solely about cash receipts and payments during that period. Why do you think the standard setters argue that information about earnings based onaccrual accounting provides a better prediction of the firm$$s present and continuing abilityto generate cash flows than information limited solely to cash receipts and payments during the period?