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Review of Related Literature Putting Up A Small Business
In an article “Easy Accounting Tips for Small Businesses” written by Alla Allan n Bran Branch ch dete determ rmin ines es that that his his arti articl clee cont contai aini ning ng tips tips are are helpf helpful ul not not only only to accountants but also to businessmen. They can learn more about what their business needs to improve with regards to accounting. The first tip that he mention is the “ISS !eep It Simple Starting out"” which is related to sole proprietorship# a simplest form of entity and this form of ownership re$uires %& special communication or filings to Internal 'evenue Service until you have employees to wor( for you. “&ver )*+ of small businesses fail or change ownership within the first five years. ,lan your business to thrive but if it fails under a sole proprietor you simply stop doing business.”- he added. ,eople (now that failure is a part of success- not until failures continue to arise. ,eople do business to earn profit and definitely not to face ban(ruptcy. b an(ruptcy. Branch stated a lot of tips and this is how he ended “After you pass the fiveyear hurdle- then you can tal( with a /,A about another entity type that might save you ta0es. Again a simple boo((eeping entry transfers all of the business assets from the sole proprietorship into the new entity without any ta0 penalties. Then $uit your day 1ob to celebrate your new livelihood.” 2ust li(e big enterprises and multimillion companies- S3Es also strive to boost their profitability. As a head start- an entity should carefully monitor the accounting practices it employs. The accounting process plays a vital role in order for the company
to manage its finances. 3easuring its net profit needs to be done in a fair way to help assess the firm4s financial performance in accordance with the relevant standards. Accordi According ng to /ooley /ooley and Edward Edwardss !5)67" !5)67"-- owners owners of S3Es S3Es conside considerr profit profit ma0imi8ation as the most important financial ob1ective. This has led to the argument that S3E owners pay attention to profitability and measurement of net profit when they evaluate their firm4s performance. performance. According to !,ratheemp(anth- 9*55"- in order for a company to increase its financial performance with regard to capital structure the company should identify the wea(nesses of an investment because it is the indicator on which the management should ta(e decisions. In relation with this study the management of the food stalls should be wise in all the investments that they have. As the saying goes “the higher the ris( the higher the return”- it simply means that there is no investment that is completely securedall investments have their own wea(nesses and it is the company management4s tas( to identify the investment whether it is strong or wea( and after that ma(e the necessary actions for the investment to have a good effect to the company. !,andian !,andian : %arendran%arendran- 9*5;" states states that “To improve improve the financial financial stability stability of a company proper mi0ture of sta(e in the business between the owners and the creditors have to be made in which significant pressure on future cash flow can be avoid”. In relation with this study- owners tend to rely on the creditors in raising their capital for a business- the interest or sta(e of the owners and creditors should be made proportionately for them to have a harmonious relationship. If the owners and creditors will have a misunderstanding within the business- then it may cause pressure on the flow of cash in the business and will result to a low progress in the financial aspect of the company.
“,erformance standards should be established and communicated to the investors” !,ratheemp(anth- 9*55". A company aims for a daily progress with regard to its financial performance. And a factor contributing to the progress of a company are investments- the company should have high investment standards for them to have a high rate of return. This will also trigger the company to ma(e wise investment decisions because the standard for an investment is high so it will follow that the decisions of the company should be high for it to complement with the standards and ro have a massive effect on the progress of the financial performance of the company. In an article entitled “t typically have the name recognition of larger businesses that gain e0posure through more locations and promotional efforts. ?ess visibility in the daily lives of people ma(es it more challenging for small businesses to attract traffic. They have to wor( to develop a company image and reputation from scratch- whereas a large chain en1oys an established reputation.”- second “Budget constraints are a significant small business hurdle. Small businesses don>t have the funds to put into research and development- advanced technology- mar(eting and promotions and highend inventory. All of these elements impact a company>s ability to develop- ac$uire and offer a high $uality solution to customers. Small companies sometimes have ad budgets of @;-*** to @5*-***- which won>t even get a television commercial produced in many cities.”- third- “Bargaining power inhibits a small company>s ability to get a low cost basis of resale products. Typically- large companies can negotiate volume discounts and bul( pricing that reduce their cost per unit. A single store doesn>t have the same buying power as a company with hundreds of locations and
economies of scale.”- =orth “Because of the bargaining power deficit and other cost structure disadvantages- small businesses don>t often compete on price against larger competitors. They simply can>t ma(e enough money with a low price strategy and must opt for differentiation in products or services. This increases the burden on a small business to promote the strengths of its products and services- which can place stress on its smaller budget.” In an article “The importance of entrepreneurship in small businesses” determines that Small businesses are vital to the success of the economy. %ot only as they provide the success stories of the future- but also because they meet local needs. They also serve the re$uirements of larger businesses for e0ample photography services- printed stationery- catering and routine maintenance. There are various benefits that small businesses can offer. It can develop personal relationship. ith a small business you (now who you are dealing with# you can >put a face> to the person you are in contact with. ,ersontoperson interaction is as important as ever in building strong relationships. Small businesses will also respond fle0ibly to problems and challenges. ?arge businesses may have set ways of operating and establish procedures that are hard to change. Small businesses are often far more fle0ible. It can also reach a $uic( decision on whether or not it can do what is re$uired. They operate in small premises with low heating and lighting costs- and limited rent and rates to pay. ?ow costs result in lower prices for consumers. By contrast- small firms are able to ma(e a profit on much lower sales figures. They can therefore sell into much smaller mar(ets e.g. a local window cleaner serving a few hundred houses- a specialist 1eweler ma(er with personal clients.
,ress !9*5;" states that- “As a small business owner- you can do your own accounting- or you may want to hire someone. hatever you choose- you4ll still need to understand the accounting process- your boo(s- and what they tell you about your business.” 3onitoring the financial aspect of your business does re$uire you to have at least an understanding of accounting your transactions and sales- you cannot 1ust rely on your hired employees to interpret it fully for you. It may be comple0 and vague on your part as an owner and a not inclined person for accounting- but you need to engage yourself to everything that concerns your business. If you are to do your own accountingit will be vital to learn the science of accounting. 3ere understanding of it would be insufficient for it will not give you full satisfaction on what was really going on with your business- unli(e hiring an accountant- it will be more than handy on your party but will be costly. Also- according to Bragg- S. : Burton- E. 2 !9**C" in their boo( “Accounting and =inance for Dour Small Business” relating to small business- the most common situation in which a control point is needed is when an innocent error is made in the processing of a transaction. There can be an e0traordinary number of reasons why a transactional error arises- which can result in errors that are not caught- and which in turn lead to the loss of corporate assets. /ontrols act as review points at those places in a process where transactional errors have a habit of arising. A process flow e0pert who reviews a flowchart that describes a process will recogni8e the potential for some errors immediately- simply based on his or her (nowledge of where errors in similar processes have a habit of arising. 3any potential areas of asset loss will involve such minor or infre$uent errors that accountants can safely ignore them and avoid constructing any
offsetting controls. The need for controls also is driven by the impact of their cost and interference in the smooth functioning of a process. !Braag- S. : Burton- E. 2- 9**C p." Fatten !9*5;" states that- “The accounting process helps you to translate numbers Gthe language of businessGinto plain English.” /E&s or simply owners of small businesses are not always after every detail of the numbers plastered on reports- they always go on the bottom line of all the sales and e0penses that have occurred. They4re often concern on the performance of their business- if it was a profit or loss on their part. Translating or interpreting the numbers that a business obtained is the accountant4s responsibility- they are the (ey to enlightenment and understanding of the users of the common tongue. According to Blanchard !9*55"- accounting procedures during the startup phase of a small business should be substantially different than they will be once the business has achieved recurring positive cash flows. /omple0ity doesn4t have to come your way at the start of your business. Dou should first (eep it as simple and as much as possible- low cost. hat should concern you the most should be the mere survival of your business upon anything else- to generate cash or to improve sales to pay up e0penses and order supplies to run another cycle. Dou can4t afford to pay an accountant at an early stage of the business that would be the least on your e0penses. It4d be beneficial if the owner itself does the accounting beforehand- it is plain and easy to understand at the start up point of the business compared if it somehow begins to e0pand and grow. A help from an accountant will be necessary once the business succeeds. According to the article “5* Things Shopping 3alls on4t Tell Dou” by 2onelle 3arte- “3ore malls are investing in a triedandtrue tactic to get shoppers to stic( around
feed them.” She also said that the longer families stay in malls- the more they consume products or services provided inside the mall. In the interest of (eeping shoppers in the building- some malls are renovating their food courts to bring in more local eaterieswhile others are opening new wings dedicated to highend restaurants. s another reason why malls are devoting more space and money to their food courts. Shoppers spend almost 9*+ more at a mall with a Hgood food court-H according to a 9** survey cited by Sharma. And good- medium or otherwise- shoppers overall are spending more money on food at the mall- according to the International /ouncil of Shopping /enter. =ood courts brought in @)9 per s$uare foot in 9*5*- up ;+ from the year before# restaurants brought in @;) per s$uare foot- up + from 9**).” According to “Business StartJp : 'esource Kuide Starting a Business in %orth /arolina” published by The %orth /arolina Small Business and Technology
you the right to sell or distribute a service or product under the franchisor4s system in a particular area.” It has listed the advantages of a franchise which are some re$uire relatively small capital investment with franchise financing- initial corporate support for startup- continuous management training and counseling- e0isting goodwill and brand name appeal- standardi8ed $uality of goodsLservices- proven products and business format - some opportunities re$uire no prior e0perience in that business field- buying power and programs- and development of advertising and promotions programs !both local and national". Also the disadvantages of a franchise which are complicated legal negotiations- restrictions on purchasing- franchising fees- re$uired to share portions of business profits with corporation !salesLroyalties"- loss of personal control over some aspects of operation- less freedom and opportunity for creativity- potential problems if owner wants franchisor to buy franchise bac( limited control over pricing- product linesand suppliers- human resources policies may be instituted by corporation !potentially unsatisfactory training programs"- and actions by the corporation may affect business of franchisee. !p. 9*" As Ba8ley- Fancoc(- and 'obinson !9*5" point out- “The managers of small businesses !e.g. typically owneroperators" are confronted by the need to ma(e decisions similar to the operational and strategic decisions of larger firms. Thus- as for large firmsthe ma(ing of good decisions will be influenced by the $uality of accounting information that is made available to small business managers and how well they use it. Foweverunli(e larger firms- a small business is constrained by the level of economic and human resources that can be committed to ac$uiring accounting information and the financial literacy s(ills that can be applied to analy8ing and evaluating that information.”
According to !im : 3arion- 5));"- homogenous goods are mainly determined by prices or costs while differentiated goods are determined by product diversity”. So it could be interconnected to this research because the main focus of this study is to (now basically the strengths and wea(nesses of selected food stalls. This simply means that if the food stalls offer the same variety of products then the main factor to be considered by the consumers is the price of the product being offered- because there are many option and alternative that a consumer may consider in buying a specific product. Jnli(e if the product is differentiated- there will be no choice for the consumer because the ones offering the product are limited. !%ew Dor( Institute of Technology- Bahrain" states that “a corporate governance system can be a set of processes and procedures used to direct a corporation4s business”. Basically it means that there are many aspects that affect the performance of a firm. And in relation with this study a firm should employ a corporate governance system in its accounting procedures for the records to be clear and precise. And this system should be the core of all accounting transactions happening inside and outside of the firm. It may have no direct effect in the profit of the company but this system could help the firm for it to be organi8ed throughout its operation. According to !,andian : %arendran- 9*5;"- “The ability of an organi8ation to analy8e its financial position is essential for improving its competitive position in the mar(etplace”. In relation with this study the firm may employ financial ratios in its financial statements to (now their strengths and wea(nesses. Every firm4s target is to be profitable so it is essential to (now their position in the mar(etplace. The concept of the %ew Dor( Institute of Technology- Bahrain as mentioned earlier will have an impact with
these financial ratios because all the records of the company should be clear and precise in order for the financial ratios to be accurate for the firm to (now their position in the mar(etplace. !Tehrani- 3ehragan:/ol(ani- 9*59" “performance evaluation is itself in the need of some inde0es through which to evaluate corporate performance- in fact it is a guide form what it is towards what is should be”. In relation with the previous paragraph one of the inde0es that should be considered is the financial ratios. It will be the guide for the firm to (now what is happening inside particularly with their financial performance. It will also be the guide if the systems I.e.!accounting system" is functioning properly. And lastly it will be the guide in ma(ing their future decisions that could help them improve and progress. As per dictionary the definition of a small business is an independently owned and operated company that is limited in si8e and in revenue depending on the industry. 3ost small businesses use less comple0 accounting system for them to ma(e records of everyday transactions easy. Fe also gave si0 tips on how to (eep business finances in order which the researchers thought will be helpful for owners. =irst is (eeping personal and business finances separate. This will let those people to monitor their finances easier and will avoid them in confusion that may lead to overstatement or understatement of revenues. This will ma(e trac(ing your spending far more complicated than it needs to be. %e0t is to choose accounting software that ma(es sense for your business. /loudbased tools allow you to view realtime insights- and they can be accessed from anywhere at any time. The ability to (eep an eye on your finances on the fly gives you a great deal of
fle0ibility as a business owner. Today more than ever- there are lot of options to choose from and if non satisfaction prospers with the current service- one can always ma(e the switch to another platform that better matches their needs. 3ost people aren>t numbers people- and will never be e0cited about them as much as accountants or boo((eepers are. If managing your own finances is starting to get on your nerves- it>s time to loo( into hiring a $ualified boo((eeper. 3any entrepreneurs have a tendency to try to handle everything themselves. But as with legal matters- the granular elements of smallbusiness accounting aren>t usually within a business owner>s wheelhouse. 3onitoring finances and pro1ecting future revenue and e0penses will enable to ma(e better longterm decisions for the business. Even if une0pected e0penses do rise- if owners have been practicing conservatism in spending- they shouldn>t run into any ma1or problems. To be organi8ed means planning ahead that includes creating a budget. A budget is not a tool for planning out how every penny should be spent. 'ather- it>s a framewor( that you can use to help you ma(e clearheaded decisions- whether it>s increasing your mar(eting spend- or cutting e0pansion costs to (eep your profits on trac(. /redit unions are invaluable to smallbusiness owners- especially since they are often willing to provide loans at competitive rates. Some of the other advantages of credit unions include fewer transaction fees and account service charges- as well as fle0ible- customi8ed services. /redit unions also (eep profits within the community- and help budding entrepreneurs get their dream businesses off the ground.
In an article entitled “The ey 3etrics Every Business &wner should monitor”tells that (nowing these metrics will not 1ust inform the business4 health but also monitor
how these metrics are performing on an ongoing basis. It also states that 96+ of businesses fail due to problems in handling financial structure of the company. There are a different metrics that every business owner should (now- including cash flow- accounts payable- accounts receivable- direct costs- operating margin- net profit- and cash burn rate. Basically- cash flow measures the flow of the business4 money- which are the inflow and the outflows. now that the money that goes out of the business is negative cash flow and the money that comes in is a positive cash flow. But most important iscash flow isn4t your profit because profits and cash aren4t the same thing. Accounts payable is the total of the bills that you have to pay- but that you haven4t paid yet. It4s important to trac( this metric so that you can manage your cash flow. After all- if you can4t manage your debts- you could ris( defaulting. Trac(ing your accounts payable is a critical component to managing your cash flow. As your business grows- you may be spending money on different services for your business and you will receive invoices that need to get paid. Accounts receivable is the amount of money that your customers currently owe you for things that you have already sold to them. Essentially- it4s a total of all of the invoices that you have given to customers but that have not been paid yet. Trac(ing your accounts receivable is crucial to managing your cash flow. hile your sales might be going well- if your accounts receivable continues to grow and your customers aren4t paying you fast enough- you could find yourself in a cash crunch. Jnderstanding direct costs helps you (eep an eye on how much it is costing your company to deliver its product or service. If your direct costs are going up- perhaps your suppliers are starting to charge you more- or perhaps fuel costs are going up. hen your
direct costs go up- it might be time to start loo(ing for new suppliers or to try and cut costs in your business. &perating margin shows you how good your company is at generating income from normal operations of the business- after you4ve spent money on mar(eting- sales- product development- etc. %et profit is understandably a metric that you4ll always want to see positive- and as high as it can be. If this number is negativeyour business is probably in trouble. Dou4ll need to chec( your cash flow to get an accurate reading on not 1ust your profit from sales- but the actual cash on hand your business has to stay afloat. /ash burn rate is the rate at which a company uses up its cash reserves or cash balance. This metric is designed to show you how fast you4re burning through your cash reserves or how you4re maintaining a healthy balance from positive cash flow. In the study of “/ontracts- E0ternalities- and Incentives in Shopping 3alls” by Eric <. Kould- B. ,eter ,ashigan- and /anice 2 ,rendergast- it used a uni$ue data set of mall store contracts to analy8e the comple0 economic issues that arise when stores a placed together in close pro0imity within a large shopping mall. hile shopping malls economi8e on consumer search costs by bringing a large number of stores together in a single location- they also create a complicated web of e0ternality and incentive issues between the store owners and the mall developer. They have come to conclusions that first# mall contracts are written to internali8e e0ternalities to such an e0tent that space is efficiently allocated in the mall. In that sense- their study shows how the ability to contract on relevant variable !in their case- sales" can help to counteract the inefficiencies sometimes characteristic of e0ternalities. Second- is that they believe that the study ma(es a contribution to the empirical literature on agency theory. It does so in the conte0t of a
situation of team production- where the efforts of all relevant parties !anchor stores- non anchor stores- and developers" affect sales on all their parts- sub1ect to a budget balancing constraint. In a study entitled- “The 'elevance of Accounting 'ecords in Small Scale Business The %igerian E0perience” by 'aymond A. E8e1iofor- E8enyirimba Emmanuel !,h.<"- 3oses /. &lise- they stated that although small scale enterprises may not be able to adopt elaborate systems of accounting- a number of small scale business (ept no records pertaining to their financial operations- finance- etc while some employed professional accountants to (eep proper accounting records of their business. The accounting records (eeping contribute to the performance of small scale business hence small scale business not actually (ept proper accounting records of their activities# they could be encouraged by customi8ed adaptive systems. In a campaign made by Association of /hartered /ertified Accountants !A//A"Accountants for Small Business- aiming to raise awareness of the value of professional accountants in S3Es. It is through people- process and professionalism# accountants are central to great performance. According to A//A “Kovernments are heavy users of information about S3Es and become more so as their economies develop.”
They
managed to ma(e more of the healthier parts of the informal economies into the formal sector through the use of better infrastructure and public institutions- as well as more proportionate ta0ation and regulation !Schneider 9**)". &bviously- governments have a great deal to gain from business formali8ation- as this allows them to monitor and anticipate ta0 revenues as well as to improve their control over the social impact of enterprises. It is also synonymous to the building of a business4 finance function.
Business begin to become “formal” when they start to give an account of themselves to the state or before the law M signing contracts# ac$uiring licenses and permits# demonstrating compliance with employment or other regulations# paying ta0es and social insurance contributions# tendering for government contracts. According to A//A4s research !A//A 9*59a" also shows that financial capabilities in S3Es are not 1ust a conse$uence of growth- but one of its causes.
Even
after accounting for turnover- headcount- age and sector- S3Es with welldeveloped financial capabilities are much more li(ely than others to be growing rapidly !at over 7*+ a year over three years or more" and still retain a Nlow4 or Nminimal4 ris( rating .
Strengths and Weaknesses of Accounting System/Processes
Amanda 3c3ullen stated in her article- The Strengths and ea(nesses of 'evenue Accounting System- that a small business typically (eeps records of its transactions using a revenue accounting system. Such a system allows the company to record the money it receives during each accounting period. It is the process of recording the revenue a business receives from financing- cash advances- investments and the sale of goods and services. Some revenue accounting systems also deduct certain e0penses from the revenue received- such as the cost of producing goods or providing services. Businesses use their revenue accounting systems to evaluate their financial situation during each accounting period. They may also use these systems in ta0 preparation. In preferring this (ind of system lets business to monitor such revenues at any point in the accounting period- this can also help if owners would li(e to see which source in the business provides more revenue.
Fence- by using this revenue accounting will be
beneficial in comparing reports from multiple periods# it can also analy8e changes in revenue patterns and use the information in decision ma(ing. Also having a separate accounting system devoted to revenue provides a business with better organi8ationwhich can be helpful during ta0 preparation and corporate audits. Faving such strengths demand for wea(nesses too- one of which is embe88lement if an employee has unrestricted access to the company>s accounts. Fuman errors are inevitable in any business- ma(ing financial statements lead to bad decision ma(ing and may occur complications when computing and filing for ta0. In the case of the study of ,EST?E Analysis4 /ontributor regarding the topic S&T Analysis- “=or small businesses- it is important to analy8e all situations carefully before ta(ing any decision. That way- there will be fewer chances of ma(ing mista(es and designing strategies that won4t wor(.” To help these businesses- there are analytical tools available on of which is the S&T Analysis. Fowever- before starting this analysis- it is best to (now and understand first what this analytical method is all about. This analysis is used to list down advantage and disadvantage that go against a particular condition. In simple words- S&T analy8es the Strengths- ea(nesses- &pportunities and Threats that are associated within and outside the business considering all the aspects that can affect the business and mar(et. This way- business managers can understand whether a certain situation has enough aspects in its favor and ultimately worth being pursued. This assessment techni$ue has proven an almost accurate outcome and greatly useful insight to every business4 resources.
Accounting Process and Practices
As &lade1o !9**6" points out- “The achievement of the firm4s ob1ectives is greatly influenced by the application of accounting records.” It is pivotal for a companymay it be big or small- to implement the accounting processes in a manner that would be beneficial. It can have a huge impact in the financial health of the company as a whole. 'eaching the ob1ective need not compromise the effective application of practices in dealing with the accounting and financial aspects of an entity. Folmes and %icholls !5))6" concludes that the e0tent of accounting practices in S3Es depend on a number of factors such as age of business- si8e of the business- and the nature of the industry. They further point out that most S3E owners and managers engage public accountants to prepare re$uired information. In the article- “Accounting for Startups /ashbasis or Accrual basis” by 2ason /hen- he has discussed each accounting method. Fe briefly defined each as first- ““/ash Basis” accounting means you only count revenue and e0penses that you actually have.” and second “AccrualBasis” accounting means you count pledged revenue and e0penses.”. Fe stated that in dealing with the ta0es- it is ideal to use the cashbasis accounting method for the only basis of the ta0 is the cash you have on hand. “Dou have to pay ta0es with cash. ith cashbasis accounting- you show a profit only if you have e0cess cash actually in your possession. If it4s in the ban(- you can set it aside for ta0es. %ot so with accrualbasis. If you get a huge purchase order from a new customer- that would show as income# then the I'S wants their 7*+- but since the customer hasn4t paidyou don4t have the cash to pay.”- he said. =or better understanding of the business- the writes says that accrual method of accounting is more ideal this time around. “The trouble with cashbasis accounting is that
it has nothing to do with when you incurred the e0pense- but rather when you paid the bill. Dou might have paid late !on purpose or otherwise". Dou might have paid early for a discount. The bill might have appeared on weird days so it 1ust so happens that you paid a monthly bill twice in 3arch and s(ipped April. Same with revenue G at Smart Bear it was common for a purchase order to be paid ;- 7*- or even )* days late. e won the order G the mar(eting wor(ed- the sale was approved- tech support satisfied the end users G but who (nows what in month the revenue would actually hit the ban( account.”- he stated. According to Bragg and Burton !9**C"- accounting encompasses at least three purposes financial reporting- product or service cost reporting- and performance evaluation reporting. 3eaning- accounting largely contributes to business that will ma(e it last long term. It4s one of the departments that must be maintained in order to support the growth and maintenance of a business. It must be given importance for it could give certain advantages against competitors- or if neglected- it could be the cause of a brea(down or a loss at some point in time. According to the article
“Small Business Accounting ,rocedures” by Sheila
Shan(er- “Small business procedures regarding accounting are simple and focuseddecreasing possible confusion. Dour business might set up procedures for paying billsreceiving money- processing credit cards- entering data in accounting systems and performing reconciliations. &ften businesses compile procedures to create an accounting manual- which help in training new personnel.” Jnder the Accounting
owner. Any corrections and ad1ustments should be made to cash accounts on the boo( right away. 'econcile accounts receivable and payable monthly to ma(e sure they agree with the general ledger.
alongside with the acts to falsify and alter financial records employed by a company mayif not all times- be 1ust the same for small and large businesses. Fussein !5)67" noted that- a good accounting system is not only 1udged by how well records are (ept but by how well it is able to meet the information needs of both internal and e0ternal decisionma(ers. In his view- /lute !5)6*" corroborated the statement and maintained that it is common for $ualified accountants to do a good 1ob of (eeping records up to date but they fail to provide information needed by decision ma(ers. In an article “Small Business Accounting- Big
According to the boo( “'ecord(eeping for Small Business” by Alberta Economic