Click Fraud Protection

Connecting...

ACCA predicts growth for SMEs

News | Medium-sized enterprises | SME | ACCA

W1siziisijiwmtcvmduvmdmvmtevnduvntgvodiyl2fjy2etchjlzgljdhmtz3jvd3rolwzvci1zbwvzms5qcgcixsxbinailcj0ahvtyiisijewmdb4ndawiyjdxq

The Association of Chartered Certified Accountants (ACCA) has predicted growth for small and medium-sized enterprises (SMEs).

The group has put together a report after speaking to a range of SMEs that have experienced 70 per cent growth over the last three years. 

ACCA’s case study found that there is a “one-size-fits-all” way that the finance function can be understood and adapted over the course of time. The study highlighted that the finance function depends on how businesses evolve and diversify.

The group found that chief financial officers need to look for future opportunities while providing accurate and informative financial reporting.

ACCA stressed that CFOs need to be properly placed to see “the bigger picture” that other staff may not be able to identify.

Rosana Mirkovic, head of SME policy at ACCA and author of the report, said: “Taking advantage of the opportunities for expansion brought about by these factors almost always entails certain risks for an SME. 

“For example, the rapid nature associated with this type of growth can lead to issues such as insufficient staff capacity, increased business ‘traffic’ such as simultaneous deals or entering new, very competitive or politically unstable markets.”

Ms Mirkovic explained that CFOs have a responsibility to guarantee financial health and discipline to ensure companies can grow in a sustainable manner in the future. 

She went on to say that being forced to adopt a reactive approach will mean that processes are not as smooth as they may have been in the past. 

Ms Mirkovic stressed that the finance function plays an integral role in guaranteeing businesses capitalise on future potential for growth.


Posted by Jon Aspinell on 28th May 2014

SHARE

LATEST JOBS
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

AWS Projects/Systems Engineer

City of London, London

£50000 - £55000 per annum + good benefits

A fantastic opportunity has arisen within a successful media organisation. They are looking for a Systems Engineer to...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavntavmdavnde5l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznemd2tkrzdk1qttjmmjfoy21zeuxtlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Product Administrator

City of London, London

£25,000 per annum

An excellent opportunity has arisen for a Product and Marketing Support Administrator to join an international manufa...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

.NET Developer - Surrey - £60,000

Egham, Surrey

£50000 - £60000 per annum + bonus + benefits

Software Developer / C# Developer / .NET Developer - Egham, Surrey - up to £60,000 plus great benefits and bonus. A s...

READ MORE
W1siziisijiwmtcvmdqvmjqvmtevmzmvndavnty5l21hcmsxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Campaigns Manager - central London -...

London, England

£200 - £260 per day

Campaigns Manager (online gaming/betting/sports betting) - central London - up to £260 p/d - 9 month contract. Fantas...

READ MORE
W1siziisijiwmtcvmdqvmjqvmtevmzmvndavnty5l21hcmsxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Retail Marketing - central London - ...

London, England

£160 - £200 per day

Retail Marketing contract - central London - 9 months - £200 p/d. Join an industry leading, global entity in the onli...

READ MORE
W1siziisijiwmtcvmdqvmjqvmtevmzmvndavnty5l21hcmsxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Campaigns Manager - central London -...

London, England

£200 - £260 per day

Campaigns Manager (online gaming/betting/sports betting) - central London - up to £260 p/d - 9 month contract. Fantas...

READ MORE
W1siziisijiwmtgvmdqvmtgvmtmvmjmvnduvnza0l1jlbw90zs1taw4ucg5nil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Insight

How can you ensure cohesive communication with a team of remote workers?

Remote working is becoming increasingly adopted by organisations across the globe - whether that takes the form of an...

READ STORY

W1siziisijiwmtgvmdevmjqvmdgvntkvmtavndyyl2ltywdlmtqtbwlulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mcnuzsjdxq
Insight

Can HR tech ease workplace conflict?

Workplace conflict is mostly unavoidable - particularly when businesses hire strong-minded talent with big ideas. Ego...

READ STORY

W1siziisijiwmtgvmdevmtyvmdgvntcvmzcvmtk5l1dlbgwxyi1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Insight

What to prioritise in your employee experience

The candidate experience has long been valued by employers looking to attract fresh talent. Now, however, companies a...

READ STORY

W1siziisijiwmtgvmdevmtavmtyvmdavntmvmtyzl0ltywdlntatbwluicgxks5wbmcixsxbinailcj0ahvtyiisijmznxgxnzajbmuixv0
Insight

What can HR expect in 2018?

HR departments are set to face many new challenges in 2018, from the technological to the traditional. Among the most...

READ STORY

W1siziisijiwmtcvmtevmjgvmtcvmdevndqvnzivaw1hz2uyni1taw4ucg5nil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Advice

From communication to drive: The importance of soft skills

Soft skills are often difficult to quantify, yet they can become an absolute necessity for your business to reach its...

READ STORY

W1siziisijiwmtcvmtevmdgvmtavntqvmzivotuvaw1hz2uxns1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
News

Only one in three workers say their employers offer training

Just one-third of workers report that their employer offers regular training opportunities, a new poll by the Trades ...

READ STORY