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Accountancy Scandals

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TGF 3.2 - Fantasy time
You've heard of fantasy football league or maybe you are looking forward to that briefest of spells in the summer when football stops, but for now it's fantasy business time!!! Enjoy this weeks TGF, but don't get too carried away!!!!
The second of the TGFs associated with book 3 is below. Please ensure you join in, it will help you understand the course and is also contributing to your TMA score.
Purpose: To consider the kind of accounting information that you would need if you were running a small business.
Task: By 19th June post a short message on the TGF to address the following:
1.If you were running a small business what sort of business might it be? Nature of the business, location, customers etc.
2.What kind of accounting information would you need to run this business? List the most important types of information
3.How would you collect this information?
This should take 10-15 minutes.
Task 2: By 22nd June comment or respond to a message posted by at least one other student
Have fun
Jon
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Marc YerrellPost 2 (unread) in reply to 1
19 Jun 2015, 09:14
If I had my own small business I think it would be in the hospitality industry - a small pub, restaurant & hotel.
The name of my business would be something traditional with a modern twist like The Bell | public house | dining | rooms . Ideally I would be located in a popular coastal area such as wells next the sea in Norfolk as I would want to be based where there is a high footfall of people during the summer i.e. tourists so I could offer a lesser service in the winter i.e. aimed at the locals. My demographic would be ABC1 families with

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