Dingo+Dollar

Upon interviewing, Donna Pro, proprietor of Dingo Dollar, I discovered the relationship between a business' accounting principles and the virtual world of Second Life. SL supplies business owners a unique form of internal control;  According to Donna, "SL will not allow anyone to pick up something they do not own. Unless someone pays me for that box, they can't take it. It's a wonderful safeguard." Second Life also provides the opportunity for the manufacturing and selling of products solely for the virtual world. For example, Dingo Dollar's inventory holds no real life counterpart. Donna states, "I would have to have other safeguards in place to market any RL(real life) product in RL. " The virtual world also provides the convenience of working from home. For example, during the coarse of the interview, Donna was preparing her dinner. Donna also calculates pricing of inventory, according to the time it takes for creation or the cost of each asset once resold. Depreciation is not accounted for Dingo Dollar's inventory.  Concluding, I found the virtual world of Second Life has similar general accounting practices to that of the real world. However, Second Life business owners are under a form of "self-government", where each business owner deems their own practices. Contrary to RL, Second Life business owners appear to be subject to no apparent laws or governing procedures over their business practices, equating far more freedom.

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