Discussion:
Response 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?
Provide at least one resource to support your answer, using APA guidelines.