Acc 491 7-22

In: Business and Management

Submitted By kgtereska
Words 678
Pages 3
The knowledge and understanding that we want for each of the eight categories is as follows:

|Category |Knowledge and understanding needed |
|Industry conditions |Is the overall music industry growing or shrinking? |
| |What is the demand for on-line music? |
| |Is the music industry cyclical or seasonal? |
| |What is the state of production technology currently being used by the music industry in |
| |general and online music in particular? |
|The regulatory environment |What accounting principles or specific practices are carried on in the online music |
| |industry? |
| |What legislation (Sabranes Oxley Act, Companies Act) is applicable to HipStar? |
| |What is the government's general/taxation policy for businesses like HipStar? |
| |Are there any special aids, tariffs, financial incentives or trade restrictions imposed by |
| |the government on HipStar? |
| |Do such legislations effect the entity's operations? |
|Other external factors effecting the |At what…...

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