Eve Lamberg, Estonian Business School (EBS)
Tartu 15.03.2012
Entrepreneurship as a Process: Some Key
Phases (Baron & Shane, 2008)
What barriers exist for future
entrepreneurs?
Accounting textbooks emphasize the manual
accounting procedure to such an extent that future
entrepreneurs bog down in unnecessary steps . For
example Horngren et al, 2007 p.141 Exhibit 4-1.
2. Debit- credit rule of accounting procedure in which
data of business activities is processed into financial
statements.
3. Data coding prevent data analysis.
1.
value that accounting can provide
B U S IN E S S
A C T IV IT IE S
(other subsystem s)
B U S IN E S S A C T IV IT IE S
(docum ents)
In p u t b o u n d a ry
A IS
M E A S U R IN G of business activities
(cla ssifin g a n d a ccu m u la tin g D A T A )
(B usiness events  D A T A as input of A IS )
P R O C E S S IN G of business activities
(su m m a rizin g a n d m a n ip u la tin g o f D A T A )
(D A T A
 IN F O R M A T IO N )
C O M M U N IC A T IN G o f accounting inform ation
(co n vertin g o f IN F O R M A T IO N )
(IN F O R M A T IO N  K N O W LE D G E as output of A IS )
O u tp u t b o u n d a ry
F inancial statem ents about business activities
K N O W L E D G E for decision m aking
Thank You for your kind attention!
Questions?