Budget Cost

Question 1

Based on the video, explain two (2) advantages and two (2) disadvantages in

using both the cash and the accrual basis of accounting.

 

• Then, determine the one (1) that you believe provides the most useful financial information to users.
• Identify at least two (2) types of businesses that would benefit by preparing financial statements using either the cash or accrual basis of accounting.
• Justify your response.

Question 2

400 t0 600 words

You are the manager in a health care organization, and you have been directed to come up with a plan to cut your budget by 5%. Discuss the following:

• What expenses will you cut? Justify the cuts you choose.
• Describe how these cuts will affect patient-centered care.
  • Include both positive and negative effects.

Provide at least 1 reference for this discussion.