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Accounting Made Easier : Chapter One Essay

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ACCOUNTING MADE EASIER
CHAPTER ONE
INTRODUCTION TO ACCOUNTING
STARTING A BUSINESS
In February 2016, Adam and Lucy were very excited about starting a company to sell muffins. These muffins were to be made using their grandmother’s recipes. To honor their grandmother, they decided to call the business Nana’s Muffin Company. Unfortunately, they realized that they did not have much money. On top of that, they also had very little business experience. Therefore, the brother and sister made plans to start with a small company.
Their main objective is that the business will grow as more customers become aware of their products. Adam and Lucy are well aware that accountants provide advice. This advice assists directors and managers of a company better understand their businesses. Since they had never started a company before, they made an appointment with Natalie Jean, an accountant who had provided helpful business advice to several of their friends.
Let’s imagine that you were in Adam and Lucy’s position. Some of the questions that you would be asking yourself are;
What do I need know in order to start my business?
What are the main goals for my business?
What is my plain in achieving those goals?
What resources do I need in my business?
How would I finance those resources?
How would I organize my company?
Who would my customers be?
How would I know whether I am reaching my goals or not?

Each and every one of us uses information to help us make decisions. Such information

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