Topic 1: One of the first decisions a new company must make is whether to use a

Topic 1:
One of the first decisions a new company must make is whether to use a cash based or accrual based system of reporting. Using an article from the KU library, explain three factors a company must consider when deciding which accounting method to use. Discuss how each method would affect these factors and company policy. If you were to open your own business, which reporting method would you choose?