Title: Understanding the Differences between Cash and Accrual Basis of Accounting and their Application in Government Budgeting: A Case Study of OECD and MTA Budget & Financial Plan

1.Based on the attached documents, please explain in detail differences between cash and accrual bases of accounting: OECD link: Please find attached the working link: https://www.oecd.org/gov/budgeting/accrualsaccrualaccountingaccrualbudgeting.htm If any issue arises please click here https://www.oecd.org/gov/budgeting/ then middle of the page there is work areas. Within that box, please click on financial management and reporting. 2.Explain in detail accounting in Plan for depreciation, other post-employment benefits, and environmental remediation expenses MTA Budget & Financial Plan; Center on Budget & Policy Priorities Format: Times New Roman, Font Size#12, single spaced and APA style. Kindly note that I don’t have page limits. I would like you to use your own discretion what is needed to fully respond to the questions. This is not about page numbers but rather substance.