Author(s)

A.B. Thornton-Trump & W. Fu

Abstract

Small business modeling within the financial accounting conceptual framework A. B. Thornton-Trump, W. Fu Dept. of Mechanical & Industrial Engineering, University of Manitoba, Canada Abstract The accounting conceptual framework, outlined in the CICA (Canadian Institute of Chartered Accountants) Handbook, is used to create a continuous feedback financial model to study the behavioral aspects of the small business environment. With this framework, parameters of importance can be bound together through established pre-defined relationships. Based on a control model, various parameters were altered to simulate various business events. The information gathered seems to reflect behavioral patterns seen as a result of such business events. 1 Introduction Witli the arrival of the new millennium, record numbers of entrepreneurs are starting and operating their own independent businesses. (Office of Advocacy [1]) In the face of great market uncertainty and few resources, more than half w

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