Accrual accounting information is conceptually more relevant than cash flows
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Accrual accounting information is conceptually more relevant than cash flows

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Accrual accounting information is conceptually more relevant than cash flows. Describe empirical findings that support this superiority of accrual accounting. Accrual accounting information, cash flow information, and analysts’ forecasts are information for investors. Compare and contrast each of these sources in terms of relevance and reliability.

Hint
Accounts & FinanceAccrual accounting: An accrual accounting is the financial accounting method which mainly allows a company to record the revenue before receiving the payment for those goods or services sold and record expenses as they are therefore incurred. Also, this method follows the matching principle that says that the revenues and expenses need to be recognized in the same period....

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