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acc- 220 - Week 9 Syllabus - Persuade your investor to put...

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Week Nine: Principles and Practices Details Due Points Objectives 1.1 Assess how accounting principles and practices function within a business. Participation Participate in class discussion. Ongoing: 4 days per week (post 2 substanti al posts on 4 days, total of 8 posts) 10 Capstone Discussion Question Respond to the capstone discussion question. Think back over what you have studied and learned in this course. Do you have a new perception of or appreciation for the field of accounting and how it contributes to business? Explain. Thursday 20 Final Project Business Plan You want to start your own business. You found an investment group that is willing to give you the capital needed for the first year of your business, but only if you can convince them you have a solid plan for the success of this business. Your investor is very concerned with how the accounting functions of this business will be handled. Write a 700- to 1,050-word paper based on the scenario above.
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Unformatted text preview: Persuade your investor to put up the capital by addressing the following questions in your business plan: What is the name of your business? What type of business structure is it—sole proprietorship, partnership, or corporation? Why did you choose that structure? What type of services or products does your business provide? What role will accounting play in the start up of your business? What type of work characteristics will you look for when hiring your accounting staff? What education should a person have in budgeting, internal controls, and cash management before going into business? What kinds of internal controls will you put in place for the business? How will your managers use financial information to predict outcomes for your business? Format your paper consistent with APA guidelines. Post your paper as an attachment. Sunday 250...
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