solved Assignment DetailsBusinesses elect to use different accounting approaches. Two of

Assignment DetailsBusinesses elect to use different accounting approaches. Two of the popular approaches are accrual and cash basis accounting methods.If you opened a small business, would you use the cash basis or the accrual basis of accounting?What factors would you consider in your decision?Read through your peers’ posts, and when you respond to them, consider the following:Provide suggestions on the additional factors that an organization should consider when selecting the cash or accrual method of accounting.Discuss why you agree or disagree with the rationale that your peers gave for their selection on the appropriate method.In your own words, post a response to the Discussion Board, and comment on at least 2 other postings. You will be graded on both level of engagement and the quality of the contribution to the discussion.Discussion Board Reminders: Must have three posts: A Main Post and two replies to peers.First post: Either your main post or a reply to others must be posted before midnight CT (Central time) on Friday of each week.Second and third post: Must be posted on a different day from the first post.Connect to Content: At least one post must refer to course learning materials. See the Academic Resource on Discussion Boards for help with connecting to the content.Engaging in Class Discussions: For more information on making the most of your class dialog, review the Academic Resource on Discussion Boards. Grading RubricAssignment CriteriaProficient DescriptorPointsQuality of Main Post18 Points TotalStudent’s main post meets or exceeds the following requirements:Responds completely to all of parts of discussion question (5 points)Communicates content information accurately and/or logically (5 points)Delivers a thoughtful response demonstrating insights and reflections (4 points)Connects to both key content concepts and personal experiences (4 points)/18pts.Response to Peers16 PointsTotalResponds to a minimum of two peers (8 points per response)Substantive response (4 points)Furthers the conversation with peers. Examples could include (4 points):Provides additional resourcesConnects to key conceptsShares personal or professional experiencesContributes new information or perspectivePresents a competing viewpoint/16 pts.Support from Learning Resources3 PointsTotalAt least one post refers to course learning resources./3 pts.Professional Writing3 pointsResponse is well-organized, clear, and free of grammatical and mechanical errors.Posts demonstrate courtesy and respect for others./3 pts.Total40 points possible/40 pts.