Explain the major advantages of a business owner with minimal accounting experience

Explain the major advantages of a business owner with minimal accounting experience

Explain the major advantages of a business owner with minimal accounting experience maintaining the company’s book. Then explain the disadvantages.

Analyze the major impact to the users of accounting statements if the statements are prepared in error.

Provide support for your position.

at least 6 sentences please.

…………………………Answer preview………………….

A business owner with minute accounting experience keeping the company’s books enjoys the following benefits; saving on labor costs, having a sense of ownership and ability to predict future trends of the business.  Regarding saving on labor costs, the owner assumes the duties of an accountant, saving on accounting fee. On having a sense of ownership, the owner can track the company’s progress. Concerning ability to predict future trends, the owner can analyze financial statements to predict the progress…………………………

APA
249 words