Select a local shopping mall to do some observation primary data collecting. (Try a food court or bench in a waiting area where you can be comfortable and unobtrusive.) Make a list of the sorts of observational data you could collect.
Answer to relevant QuestionsSelect an item from your list in number 3 and collect data for 15 minutes. What does this tell you and how could you use it? What are the three most important functions (think cash, accounts payable, owners' equity, etc.) that a computerized accounting system should have? Why are they the most important? Defend the statement, “the function of accounting is to produce information that is useful for decision making.” 1. What is causing Hal's cash flow problems? 2. Develop a plan to address the problems. How can raising money from venture capitalists be said to be expensive?
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