Business Manufacturing Accounting Assignment

Assignment Task

Imagine that you want to start your own business in which you will be the single owner. The business can be service, trading or manufacturing of your choice. You are required to prepare a report in which you have to outline the basic requirements of the business.

Your report (at least 2 pages) must contain the answer of the following questions:

a) Name, location and type of business.

b) List of assets to purchase.

c) Who will provide funds to purchase the asset (owner or bank)?

d) If funds are to be borrowed from bank, what should be the requirements?

e) What products of services will you be dealing?

f) Who will be the customer of your products?

g) Who will be the supplier of your inputs / raw material?

h) How many employees will you hire and what will they perform?

i) What government laws you have to comply?

j) What functions and processes will be performed in the business?

k) What accounting information will you require as owner to make decisions?

l) Any other information you would like to share.

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