SME (Small and Medium Entities) within the FASB, Cash for Business discussion help

  • Please provide thoughts…

Dr. Levin provided me a copy of the attached article about new business ventures in Washington and their difficulty with cash. It is interesting from our perspective. We study accrual basis accounting and there was one homework assignment on cash basis accounting.

  Here is an article that puts forth the reason why the Framework for SME (Small and Medium Entities) within the FASB is being developed as a versatile document.

  •   Enjoy and if you have any thoughts on cash basis and accrual basis accounting activities please share them with us.

  I have another article about a similar issue that will be provide when we get internal controls.

See PDF copy of article here =>> Ch 3 – Cash Basis Business.pdf

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