HSM 260 Week 2 Nonprofit organizations

Answer the following questions in 200 to 300 words: Nonprofit organizations are required to produce financial statements based on the accrual method of accounting.
·         How is this different from the cash basis of accounting?
·         Why is accrual accounting important?
·         In an accrual system, does revenue equal cash?
·         What is the importance of the statement of cash flow in the financial management of an organization?