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Wk 4 - Summative Assessment: Accounting Method Recommendation Exam Content Summative Assessment: Accounting Method Recommendation A financial specialist oversees fiscal management for the government or security agency

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Wk 4 - Summative Assessment: Accounting Method Recommendation Exam Content Summative Assessment: Accounting Method Recommendation A financial specialist oversees fiscal management for the government or security agency. The financial specialist performs audits and maintains compliance. STEP 1: Imagine being a financial specialist in your home state or local criminal justice agency. Your agency director has received an audit report discrepancy that identified the agency was using a mixture of cash basis and accrual accounting methods. Your director wants to implement only one method and has asked you to develop a recommendation. STEP 2: Write a 525- to 700-word recommendation in which you: o Summarize each accounting method (cash basis, modified, and accrual accounting), including the advantages and disadvantages of each method. o Identify which accounting method you recommend the agency you selected from your home state or local criminal justice agency should implement—cash-basis, accrual, or modified accrual—and explain why you selected that method. o Explain how your chosen accounting method aligns with fiscal management strategies. STEP 3: Cite at least 2 outside references to support your assignment. Step 4: Format your paper consistent with APA guidelines to include, at a minimum, the APA cover page, Introduction, level headers/titles for each required assignment discussion point, Conclusion, and Reference page. STEP 5: Submit your assignment.