F1
ACCOUNTING AND
ORGANIZATIONS
What do we need to know to start a business?
In December of 2003, Maria and Stan were very excited about starting a company to
sell cookies made using their mother’s recipes.
To honor their mother, they decided
to call the...
More
F1
ACCOUNTING AND
ORGANIZATIONS
What do we need to know to start a business?
In December of 2003, Maria and Stan were very excited about starting a company to
sell cookies made using their mother’s recipes.
To honor their mother, they decided
to call the business Mom’s Cookie Company.
Realizing they did not have much money
and had little business experience, the brother and sister made plans to start with a small
company.
They hope the business will grow as more customers become aware of their products.
Maria and Stan know that accountants provide advice to help managers of companies
better understand their businesses.
Because they had never started a company before, they made
an appointment with Ellen Coleman, an accountant who had provided helpful business advice to
several of their friends.
FOOD FOR THOUGHT
Suppose you were in Maria and Stan’s position.
What would you want to know in order to start a
business? What goals would you have for the business, and how would you plan
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