help with 2 part question

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Part 1

You will answer one of the three questions.The chosen question needs to be answered with an initial post of at least 250 words.

(1st question) Discuss the differences between financial and managerial accounting. What types of financial statements are used by business organizations?

(2nd question) Compare and contrast the development and use of GAAP and IFRS. Do you think the implementation of international accounting standards is feasible? Please explain.

(3rd question) Look at the origins and purposes of accounting and discuss how our society’s development has been affected by its use. Could our society function as it currently does without accounting? Please explain.

Part 2

You will answer one of the two questions. The chosen question needs to be answered with an initial post of at least 250 words.

(1st question) What are the differences between cash and accrual basis accounting? Provide an example of each type. Briefly explain why a company might need to adjust entries in the general ledger.

(2nd question) Evaluate how the appearance of solvency for a business changes when using cash vs. accrual accounting, noting which stakeholders might be affected and how.