Reference no: EM131796841

Assignment

Read carefully the following hypothetical situation:

Raymond and John are trained mechanics in European cars. They are considering joining and establish their own business. Ramon wants to invest in a course in management accounting or hire an accountant from the start. Juan tells him that's not necessary, you only need to find a place and start working, because they already have several clients who are waiting for them to open a business.

Use the following questions:

1) What do you think about the position taken by John?

2) Express a founded opinion. Stating your arguments from the perspective of what is accounting. You must cite and support your answer with quotes and reference.

3) Identifies what type of information that accounting can provide you with the proposed business.

4) Who could be users of the accounting information that the business generates?

5) Discuss how can impact the business, which Raymond and John know about accounting.