Acca report: Role of accountants in SMEs discussed

ACCA says SMEs account for half of the world’s private sector output and nearly two-thirds (63%) of jobs worldwide.

KARACHI: Small businesses with well-developed finance teams achieve faster, more sustainable growth for longer term and can attract investment to help themselves develop, says the Association of Chartered Certified Accountants. A new ACCA report titled “Accountants for small business” says the SME finance function plays a critical role at different stages of an SME’s growth, in attracting investment and helping them “emerge from the shadows”. ACCA says SMEs, which account for half of the world’s private sector output and nearly two-thirds (63%) of jobs worldwide, as well as approximately one-third of all developed-country exports, need to make themselves ready and in shape to be able to receive finance.

Published in The Express Tribune, April 9^th, 2013.

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