question archive "capital budgeting has the same focus as accrual accounting" agree?
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"capital budgeting has the same focus as accrual accounting" agree?
Answer:
No. Capital budgeting focuses on an individual investment project throughout its life, recognizing the time value of money. The life of a project is often longer than a year. Accrual accounting focuses on a particular accounting period, often a year, with an emphasis on income determination.