Accounting Adjustments and Accounting Automation

 

"Accounting Adjustments" Please respond to the following:
Next, explain the major advantages and disadvantages inherent 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.
"Accounting Automation" Please respond to the following:
•Imagine you are a consultant hired to convert a manual accounting system to an automated system. Suggest the key advantages and disadvantages of automating a manual accounting system. Identify the most important step in the conversion process.   Provide a rationale for your response.

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