1. Eve Lamberg, Estonian Business School (EBS) Tartu 15.03.2012

2. Entrepreneurship as a Process: Some Key Phases (Baron & Shane, 2008)

3. What barriers exist for future entrepreneurs? 1. Accounting textbooks emphasize the manual accounting procedure to such an extent that future entrepreneurs bog down in unnecessary steps. For example Horngren et al, 2007 p.141 Exhibit 4-1. 2. Debit- credit rule of accounting procedure in which data of business activities is processed into financial statements. 3. Data coding prevent data analysis.

4. value that accounting can provide

5. Thank You for your kind attention! Questions?