Accounting 561, What are the benefits of each Accrual Accouning Concepts for business

Please answer each question in 100-200 in your own words.

• After reading about Accrual Accounting Concepts what have you learned about the theory behind the matching principle? Discuss the method of accounting, accrual or cash that the matching principle applies to.
• What are the benefits of each Accrual Accouning Concepts for business?
• Do all costs and expenses have a cause and effect relationship with sales or revenues?
• Accounting information systems rely on a process called the accounting cycle. You will learn more about this in Chapter 4. How is a journal used in the recording process?

Reference

Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2016). Accounting: tools for business decision making (6th ed.). Hoboken, NJ: John Wiley & Sons, Inc.