Read the following scenario.

• List the questions needed to compile a comprehensive financial statement for her business.
• Explain to her the six steps in the accounting cycle.
• What type of questions do you have for Rebecca regarding her financial information systems to determine the best plan for her business?

You are the team leader assigned to evaluate Rebecca's financial business assessment. Rebecca Mardon started a computer consulting business, Mardon Consulting Associates. Until now, she has been the only employee, but business has grown enough to support hiring an administrative assistant as well as another consultant this year. Before she adds staff, however, she wants to hire an accountant and computerize her financial record keeping.