GB518_Unit4_CasePart2.docx (2) GB-518 Cookie Creations Continuing Case Purdue Global

GB518_Unit4_CasePart2.docx (2)    GB-518  Cookie Creations Continuing Case  Purdue Global University  Abstract  In this case study I will be exploring a new business venture by Natalie Koebel, “Cookie Creations.” There are different areas of business creation to be examined, distribution opportunities, record keeping, and establishing internal controls. Natalie will need to hire a competent staff that can ensure she is operating a business ethically and profitably. Record keeping is one of several internal controls that need to be in place to ensure compliance with all guidelines and requirements for financial reporting and record keeping. The negative effects of not having effective systems in place can create numerous challenges and impact forecasting. I will explore if Natalie wants to become a cookie distributor for another company and what she needs to consider before making that decision? This case study will evaluate the benefits or lack of benefits to offering purchases on credit. I will be researching this case with various sources including the internet, Wiley Plus and other accounting books available.   Cookie Creations Continuing Case  As part of an entrepreneurship program at her university Natalie Koebel has decided to create a business plan around baking and cookies. She has such fond memories of her childhood cookie making that she has decided to focus there. Some of the things she enjoyed about baking with her grandmother included recipe development and creating new recipes that were no