Title: Understanding the Differences between Cash and Accrual Accounting and Accounting for Depreciation, Other Post-Employment Benefits, and Environmental Remediation Expenses in the MTA Budget and Financial Plan

1.Based on the attached documents, please explain in detail differences between cash and accrual bases of accounting:
2.Explain in detail accounting in Plan for depreciation, other post-employment benefits, and environmental remediation expenses
MTA Budget & Financial Plan http://web.mta.info/mta/news/books/docs/2015-Budget_2015-18-Financial-Plan-Adoption-Materials.pdf ; Center on Budget & Policy Priorities https://www.cbpp.org/research/accounting-for-the-cost-of-retiree-health-and-other-benefits-gasb-45
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.