Course discussion

Posted: January 10th, 2014

Hatten, T. S., (2009), Small Business Management, Entrepreneurship and Beyond, 4th Edition Houghton Mifflin

Course discussion 1

1) Question from Chapter 7 of the text. What are some options for obtaining capital for a business that is brand new and therefore has no financial history?

2) Question from Chapter 8 of the text. What purpose do GAAP and FASB serve for small business owners?

Course discussion 2

1) Question from Chapter 6 of the text. What is an installment sale? What are its advantages to the buyer of a business? To the seller of a business?

2) Question from Chapter 8 of the text. Explain the difference between cash and accrual accounting.