Weygandt, Accounting Principles, 12e Chapter 3.4

3-4.  
Why do accrual-basis financial statements provide more useful information than cash-basis statements?

4.         Information presented on an accrual basis is more useful than on a cash basis because it reveals relationships that are likely to be important in predicting future results. To illustrate, under accrual accounting, revenues are recognized when the performance obligation is satisfied so they can be related to the economic environment in which they occur. Trends in revenues are thus more meaningful.

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