Regenesys Business School

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• Subject Name: Management Accounting

ASSIGNMENT Question 1 1.1 The accrual basis of accounting requires that all expenses that are incurred by the company should be recorded in the period in which they are incurred irrespective of when they are actually paid by the company. In the given case, a former employee of the company has filed a lawsuit against the company and has claimed that the company had wrongfully stolen his intellectual property. If the judgment awarded by th…