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Read carefully the following hypothetical situation: Raymond and John are trained mechanics in European cars. They are considering joining and establish their own business. Ramon

Read carefully the following hypothetical situation:

Raymond and John are trained mechanics in European cars. They are considering joining and establish their own business. Ramon wants to invest in a course in management accounting or hire an accountant from the start. Juan tells him that's not necessary, you only need to find a place and start working, because they already have several clients who are waiting for them to open a business.

Use the following questions:

  • 1)What do you think about the position taken by John?
  • 2)Express a founded opinion. Stating your arguments from the perspective of what is accounting. You must cite and support your answer with quotes and reference.
  • 3) Identifies what type of information that accounting can provide you with the proposed business.
  • 4)Who could be users of the accounting information that the business generates?
  • 5)Discuss how can impact the business, which Raymond and John know about accounting.

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