Scribd Logo
Upload

Welcome to Scribd!

  • 34 views

    What Prevents Future Entrepreneurs From Perceiving The Interaction Between The Entrepreneurial and The Accounting Process

    Uploaded by

    saidutt sharma
    The document discusses barriers that prevent future entrepreneurs from understanding the interaction between entrepreneurship and accounting processes. It identifies three main barriers: 1) accounting textbooks overly emphasize manual accounting procedures which can bog down entrepreneurs in unnecessary steps, 2) the debit-credit rule of accounting focuses on processing data into financial statements rather than analyzing the data, and 3) data coding prevents data analysis that could provide valuable business insights. The document promotes viewing accounting as more than just a financial reporting process, but as a way to gain knowledge and make decisions by analyzing the measurement, processing, and communication of business activities data.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    What Prevents Future Entrepreneurs From Perceiving The Interaction Between The Entrepreneurial and The Accounting Process

    Uploaded by

    saidutt sharma
    34 views5 pages
    The document discusses barriers that prevent future entrepreneurs from understanding the interaction between entrepreneurship and accounting processes. It identifies three main barriers: 1) accounting textbooks overly emphasize manual accounting procedures which can bog down entrepreneurs in unnecessary steps, 2) the debit-credit rule of accounting focuses on processing data into financial statements rather than analyzing the data, and 3) data coding prevents data analysis that could provide valuable business insights. The document promotes viewing accounting as more than just a financial reporting process, but as a way to gain knowledge and make decisions by analyzing the measurement, processing, and communication of business activities data.

    Original Description:

    Enterpreneurs

    Original Title

    What+prevents+future+entrepreneurs+from+perceiving+the+interaction+between+the+entrepreneurial+and+the+accounting+process+-+Eve+Lamberg (1)

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses barriers that prevent future entrepreneurs from understanding the interaction between entrepreneurship and accounting processes. It identifies three main barriers: 1) accounting textbooks overly emphasize manual accounting procedures which can bog down entrepreneurs in unnecessary steps, 2) the debit-credit rule of accounting focuses on processing data into financial statements rather than analyzing the data, and 3) data coding prevents data analysis that could provide valuable business insights. The document promotes viewing accounting as more than just a financial reporting process, but as a way to gain knowledge and make decisions by analyzing the measurement, processing, and communication of business activities data.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    34 views5 pages

    What Prevents Future Entrepreneurs From Perceiving The Interaction Between The Entrepreneurial and The Accounting Process

    Uploaded by

    saidutt sharma
    The document discusses barriers that prevent future entrepreneurs from understanding the interaction between entrepreneurship and accounting processes. It identifies three main barriers: 1) accounting textbooks overly emphasize manual accounting procedures which can bog down entrepreneurs in unnecessary steps, 2) the debit-credit rule of accounting focuses on processing data into financial statements rather than analyzing the data, and 3) data coding prevents data analysis that could provide valuable business insights. The document promotes viewing accounting as more than just a financial reporting process, but as a way to gain knowledge and make decisions by analyzing the measurement, processing, and communication of business activities data.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 5

    What prevents future

    entrepreneurs from
    perceiving the interaction
    between the
    entrepreneurial and the
    accounting process
    Eve Lamberg, Estonian Business School (EBS)
    Tartu 15.03.2012

    Entrepreneurship as a Process:
    Some Key Phases (Baron & Shane,
    2008)

    What barriers exist for future


    entrepreneurs?
    1. Accounting textbooks emphasize the

    manual accounting procedure to such an


    extent that future entrepreneurs bog down
    in unnecessary steps . For example Horngren
    et al, 2007 p.141 Exhibit 4-1.
    2. Debit- credit rule of accounting procedure
    in which data of business activities is
    processed into financial statements.
    3. Data coding prevent data analysis.

    value that accounting can provide


    BUSINESS
    ACTIVITIES
    (other subsystems)

    BUSINESS ACTIVITIES
    (documents)
    Input boundary

    AIS
    MEASURING of business activities
    (classifing and accumulating DATA)

    (Business events DATA as input of AIS)

    PROCESSING of business activities


    (summarizing and manipulating of DATA)
    (DATA INFORMATION)

    COMMUNICATING of accounting information


    (converting of INFORMATION)

    (INFORMATION KNOWLEDGE as output of AIS)

    Output boundary

    Financial statements about business activities


    KNOWLEDGE for decision making

    Thank You for your kind attention!

    Questions?

    You might also like