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MGT 386 TEST Friday, October 14 Chapter 7: Financing & Accounting Key Financial Issues Involved With Starting a Business 1. Funding - funding level 2. Establishing the accounting system 3. Flow of information I. Funding • Equity investments: a person provides funding in return for some ownership in the new business - equity = ownership - basic funding is split into two categories, equity and non-equity A. Non-Equity Funding • funds that don't involve the apportionment of ownership in the business • debt: any form of capital infusion that must be paid back with interest; it helps to manage cash flow especially when goods must be purchased and cash has not yet b