Starting a New Business Assignment Example | Topics and Well Written Essays - 9500 words

Starting a New Business - Assignment Example This research will use the mixed-method design, but will lean more toward the evidences that have been quoted in various financial and management accounting studies. The research mainly focuses on historical information that is available. Secondary sources like books, journals and the internet are also used as part of this research. The entire research revolves around issues relating to accounting and financing of new business. Additionally, the research also focused on contemporary issues in management accounting. People planning to set up a new business need to find out a lot about various issues that could affect their new business, local laws, rules and regulations etc. The people also should acquaint themselves about various finance related issues which may influence the company that is going to be newly set up. Long-term finance is absolutely essential for any operating concern. A lot of contemporary issues and development in the field of finance and accounting, especially in t he field of management accounting have also been identified and discussed in detail. The main reasons behind writing this research paper is to address certain issues relating to accounting and finance and also some of the contempor... Additionally, the research also focused on contemporary issues in management accounting. People planning to set up a new business need to find out a lot about various issues that could affect their new business, local laws, rules and regulations etc. The people also should acquaint themselves about various finance related issues which may influence the company that is going to be newly set up. Long-term finance is absolutely essential for any operating concern. A lot of contemporary issues and development in the field of finance and accounting, especially in the field of management accounting have also been identified and discussed in detail. Introduction The main reasons behind writing this research paper is to address certain issues relating to accounting and finance and also some of the contemporary issues in management accounting faced by today's accounting consultation firms. Entrepreneurs and business minded people who propose to start a new business usually go in for a piece of advice before actually getting in to planning and organizing their new firm. People prefer to approach consultants to know about certain important aspects relating to finance and accounting issues for their new firm. Some such issues are sources of long term finance, budget and budgetary controls etc. These days there are also certain contemporary issues with relevance to management accounting that may be having an effect on businesses. The main aim of this research paper is to address these issues stated above. The objective of this paper is to discuss the various issues in each of the above stated aspect and provide solutions and recommendations as applicable. Research Methodology This research will use