By the way, here is a definition of accurate. Do you honestly believe that accounting under any circumstances can meet every part of this definition?

free from error or defect; consistent with a standard, rule, or model; precise; exact.

Now Jason, we really do need to be more careful in defining the terms we use when we ask a question, don't we? By definition accrual accounting is consistent with a standard, rule or model. You seem to be using the term as free from error or defect. Precise, exact. Because of the way the question was asked, the answer became a self-fulfilling prophecy.

I modify my comments and argue then that accrual accounting is accurate as it meet the standard, rule or model as in GAAP.