Write a brief 1-3 page paper (business memo format, see attached) discussing the accounting environment and answering the following questions:

Choose a local business to visit, observe the operation and (if possible) interview the manager or supervisor.

1.Write a brief 1-3 page paper (business memo format, see attached) discussing the accounting environment and answering the following questions:

-Is the company primarily service, merchandising or manufacturing What do they do/how do they make money

-About how many employees do they have Who handles their accounting?

-Do they use a manual or computerized accounting system (or both?)

-What can you observe about their internal control environment?

-What is their likely accounting cycle and fiscal year end?

-What are some common accounts they might be using to record transactions (e.g., what might their chart of accounts look like?)

-Who will be interested in their financial statements?

-Any other observations or issues you might want to include

Paper is to be typed, double spaced with 1 margins and references where applicable.Use complete sentences, business language and proper punctuation and paragraphs.