Ravi is an experienced mechanic who has worked for many years at major automotive dealerships and garages servicing a wide range of vehicles and has been certified by multiple automotive brands in the servicing of their respective vehicle ranges. He has now saved enough money to start a business of his own, which has been his dream for several years. Rather than start a business from the ground up, Ravi found a reputable garage that was put up for sale by the previous owner who ran the business by herself. The owner, Indira, has sold Ravi the garage and all its assets, which included the garage equipment and the office assets, including the computer hardware and accounting software that she uses, as well as the data on her current clients who will now become Ravi’s. Indira is an expert with computers and previously ran a computer services business before she sold her share of that company and started a garage instead. She therefore serviced the computer equipment of the garage herself. With her database and software development skills she had created the small, custom accounting software program used by the business herself and continued to maintain it. She also maintained the electronic data managed through the software, including the client data that is stored electronically on the local computer drives. Ravi also plans to run the business by himself and does not anticipate being able to profitably hire other staff, and strongly prefers to work alone anyway. He also plans to continue to offer a professional client experience, which includes the use of ACCT 3015 Assignment 3 – This is a group assignment assignment Page 2 of 7 7 accounting software that will serve his needs, those of his clients,
Ravi is an experienced mechanic who has worked for many years
at major automotive dealerships and garages servicing a wide
range of vehicles and has been certified by multiple automotive
brands in the servicing of their respective vehicle ranges. He has
now saved enough money to start a business of his own, which
has been his dream for several years.
Rather than start a business from the ground up, Ravi found a
reputable garage that was put up for sale by the previous owner
who ran the business by herself. The owner, Indira, has sold Ravi
the garage and all its assets, which included the garage
equipment and the office assets, including the computer hardware
and accounting software that she uses, as well as the data on her
current clients who will now become Ravi’s.
Indira is an expert with computers and previously ran a computer
services business before she sold her share of that company and
started a garage instead. She therefore serviced the computer
equipment of the garage herself. With her database and software
development skills she had created the small, custom accounting
software program used by the business herself and continued to
maintain it. She also maintained the electronic data managed
through the software, including the client data that is stored
electronically on the local computer drives.
Ravi also plans to run the business by himself and does not
anticipate being able to profitably hire other staff, and strongly
prefers to work alone anyway. He also plans to continue to offer a
professional client experience, which includes the use of
ACCT 3015 Assignment 3 – This is a group assignment
assignment
Page 2 of 7
7
accounting software that will serve his needs, those of his clients,
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