Small business modeling within the financial accounting conceptual framework

The accounting conceptual framework, outlined in the CECA (Canadian Institute of Chartered Accountants) Handbook, is used to create a continuous feedback fmancial model to study the behavioral aspects of the small business environment. With this framework, parameters of importance can be bound together through established pre-defined relationships. Based on a control model, various parameters were altered to simulate various business events. The information gathered seems to reflect behavioral patterns seen as a result of such business events.