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What prevents futureentrepreneurs from

perceiving the interactionbetween theentrepreneurial and the

accounting processEve Lamberg, Estonian Business School (EBS)

Tartu 15.03.2012

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Entrereneurshi as a !rocess"Some #e$ !hases (Baron % Shane,

200&)

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'hat barriers eist or uture

entrereneurs*1. +ccounting tetboos emhasi-e the

manual accounting procedureto such anetent that uture entrereneurs bog o/nin unnecessar$ stes . or eamle orngrenet al, 200 .11 Ehibit 41.

2. Debit- credit rule o accounting roceure

in /hich ata o business activities isrocesse into nancial statements.

3. Data coding revent ata anal$sis.

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value that accounting can rovie

Input boundary

BUSINESS ACTIVITIES

(documents)

AIS

PROCESSING of business activities(summarizing and manipulating of DATA)

(DATAINFORMATION)

Output boundary

Financial statements about business activities

KNOWLEDGE for decision making

COMMUNICATING ofaccountinginformation(converting of INFORMATION)

(INFORMATION KNO!"D#" as out$ut of AI%)

BUSINESS

ACTIVITIES

(ot&er subs'stems)

MEASURING of business activities(classifing and accumulating DATA)

(usiness eventsDATA as in$ut of AI%)

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Than 6ou or $our in attention7

8uestions*