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1) Identify activities/transactions associated with companies engaged in the development stage. 2) Identify activities/transactions associated with companies engaged...

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Accounting

1) Identify activities/transactions associated with companiesengaged in the development stage.

2) Identify activities/transactions associated with companiesengaged in the launch stage.

3) Identify activities/transactions associated with companiesengaged in the growth stage.

4) Identify activities/transactions associated with companiesengaged in the maturity stage.

5) Identify activities/transactions associated with companiesengaged in the decline stage.

6) Explain how companies can be engaged in activities associatedwith more than one stage.

7) Explain the difference between a) investments/marketablesecurities, b) equity method investments or joint ventures and c)consolidated entities.

8) Discuss the differences between US GAAP and IFRS inaccounting for intercompany investments.

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4.2 Ratings (584 Votes)
1 Identify activitiestransactions associated with companies engaged in the development stage This is the very beginning of the business lifecycle before your startup is even officially in existence Youve got your business idea and you are ready to take the plunge But first you must assess just how viable your startup is likely to be At this stage you should garner advice and opinion as to the potential of your business idea from as many sources as possible friends family colleagues business associates or any industry specialists you may have access to Ultimately the success of your business will come down to many factors including your own abilities the readiness of the market you wish to enter and of course the financial foundation in place how are you going to finance your launch In some ways this is the soulsearching phase Its where you take a step back and consider the feasibility of your business idea and also ask yourself if you have what it takes to make it a success 2 Identify activitiestransactions associated with companies engaged in the launch stage Once you have thoroughly canvassed and tested your business idea and are satisfied that it is ready to go its time to make it official and launch your startup Many believe this is the riskiest stage of the entire lifecycle In fact it is believed that mistakes made at this stage impact the company years down the line and are the primary reason why 25 of startups do not reach their fifth birthday Adaptability is key here and much of your time in this stage will be spent tweaking your products or services based on the initial feedback of your first customers It can even get to the point where you are making so many changes to your offering that you start to feel a bit of confusion Thats just noise and the main advice here is to power through the blurriness because extreme iterations upfront will naturally seem confusing Rest assured the clarity will once again come 3 Identify activitiestransactions associated with companies engaged in the growth stage If youre at this stage your business should now be generating a consistent source of income and regularly taking on new customers Cash flow should start to improve as recurring revenues help to cover ongoing expenses and you should be looking forward to seeing your profits improve slowly and steadily The biggest challenge for entrepreneurs in this stage is dividing time between a whole new range of demands requiring your attention managing increasing levels of revenue attending to    See Answer
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