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COOKIE CREATIONS: A BUSINESS CASE Cookie Creations: A Business Case
Paige Ryan
Purdue Global University
2
COOKIE CREATIONS: A BUSINESS CASE Abstract
The adage is that when you do what you love, you never work a day in your life. Natalie Kobel has decided to take this to heart and open her cookie-making business. With the launch of a new business comes the evaluation of its financial feasibility. Launching a business means evaluating and determining the correct financial accounting structure. Analyzing the necessary account types, debt management, and other pitfalls will help to support Natalie's launch; as the business grows, choices such as expanding the product line and taking accounts on credit become part of the decision-making process. Often, business owners bring skillsets other than accounting to the table; this means that as their company grows, they add support from accountants. The structure of accounts and controls is necessary to ensure that the accounting is successful. As Natalie builds Cookie Creations, she seeks support to make these pivotal financial decisions; this paper evaluates Natalie's accounting structure and develops the best practices.
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COOKIE CREATIONS: A BUSINESS CASE Cookie Creations: A Business Case
CC1 – Initial Business Decisions To Incorporate or Not: Best Business Practices Tracking the Money: How to Handle Accounting Accounting for Accounts: What Line Items to Track Business Banking: What to Do Asset Management: Keeping the Lines Clean
CC2 – Accounting Decisions Financial Statements: What to Look For How to Read the Books: Analyzing Financial Statements Tracking Statements: What Statements are Needed Long Term Is It Working: Statements for Analyzing Profitability
Debt: Where to Find It and What to Do Paying Off Investors: Do We Need Dividends? Worth It? Ways to Determine Financial Feasibility CC5 – Inventory Decisions Inventory or Supplies? What to Classify When
Perpetual or Periodic? Choosing the Best Inventory Systems What to Count and When? Tracking Inventory
CC7 – Internal Control Issues
Accounting Controls: Locating Pitfalls in Management Curbing Controls: Best Practices for Protecting Finances
CC8 – Credit Policy
Determining Client Credit Viability
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COOKIE CREATIONS: A BUSINESS CASE Extending Credit Alternatives Credit Card Benefits and Drawbacks
5
COOKIE CREATIONS: A BUSINESS CASE Conclusion
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COOKIE CREATIONS: A BUSINESS CASE References
Baber, W. R. (1985). A Framework for Making a Class of Internal Accounting Control Decisions. Journal of
Accounting Research
. (Wiley-Blackwell), 23(1), 360–369.
Diamond, M. A. Stice, J. D. & Stice, E. K. (2000). Financial Accounting
. (5th ed.) South-Western College Publishing.
Kimmel, P. Weygandt, J. & Mitchell, J. (2022). Accounting Tools for Business Decision Making.
(8th ed.) John Wiley & Sons, Inc
Paul, S. K. (2019). Financial Accounting: Theory and Practice. (Revised edition.) Central Educational Enterprises.
Stittle, J. Robert, W. (2008). Financial Accounting
. SAGE Publications Ltd.
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Recommended Implementation Process
Please do the following:
Introduce yourself to your peers by sharing something unique about your background. Explain how you expect this course will help you move forward in your current or future career.
Use the Internet or Strayer University Library databases and Internet, to select and review a firm that has multiple lines of businesses. For example, review the FedEx Corporation to see how it is a multiple-line business organization.
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THEORY PROBLEM
Explain why accounting students should study Accounting Information Systems?
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Need help with Part 1 and 2 please.
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Overview
Fordham and Hamilton evaluated a broad range of small businesses and found that a large majority are still using accounting practices that do not constitute true integrated computerized accounting systems.
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Related Questions
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Recommended textbooks for you
- Principles of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax CollegeCollege Accounting, Chapters 1-27AccountingISBN:9781337794756Author:HEINTZ, James A.Publisher:Cengage Learning,
Principles of Accounting Volume 1
Accounting
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax College

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Accounting
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:Cengage Learning,