Posted by & filed under Accounting Careers, Contemporary Business Issues, Cost Accounting.

Description: Chandeliers in the washroom. A trendy coffee bar down the hall. These are some of the pleasant features in Nicola Morgan’s co-working space where desk rentals begin at $125 per month. It’s a growing and attractive option for professionals and others.

Date: November 24, 2016

Source: theglobeandmail.com

Link: http://www.theglobeandmail.com/life/home-and-garden/design/co-working-spaces-cater-to-the-specific-needs-of-self-employedworkers/article33006049/

Discussion Points:

1) This article raises an interesting way of procuring office space. If you were the owner of such a space, how would you determine the rates you would charge your clients or members?

2) In looking ahead to your career, have you ever thought about becoming a sole practitioner? Would a work environment like this offer you an option for securing a working space?

3)  Wiley’s  Financial Accounting: Tools for Business Decision Making tells us about accounting for long lived assets in chapter 9. If you were the owner of a shared workspace, what might be some of the assets you would categorize under your property, plant and equipment?

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