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Professor Robin Jarvis Head of SME Affairs

This presentation discusses the role of banks, SMEs, and accountants in the context of regulation and financial support, with a focus on the UK and Australia. It explores banking structures, relationships, types of finance used, and the role of accountants. The methodology includes interviews with SMEs and focus groups with accountants. The presentation also highlights the importance of accountants' advice in negotiations with banks.

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Professor Robin Jarvis Head of SME Affairs

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  1. Professor Robin Jarvis Head of SME Affairs

  2. ACCA’s International Research projects

  3. Presentation • Banks, SMEs and Accountants • Regulation: Comparisons of the UK with Australia • Work-in-progress

  4. Banks, SMEs and Accountants 1 • Countries/regions surveyed: Germany, Spain, UK, US and Hong Kong • Reasons for choosing these countries/regions • Banking structures • Banking relationships • Types of finance used • Cost of raising finance • The role of the accountant

  5. Banks, SMEs and Accountants 2 • Methodology: • 200 telephone interviews with SMEs • Focus Groups with accountants • 61% of SMEs had a turnover less than £1m

  6. Highlight and overwrite dummy text with your titles and texts. Restrict yourself to a maximum of 6 points per slide. If you require more points on a specific topic use as many following slides as necessary. Do not change the fonts or sizes used in the blanks. If you require more of any slide, go to the ‘Slide Sorter View’, click on the required slide and hit ‘Control D’, this can be repeated to create as many duplicates as required. Banks as a source of finance • Respondents were asked if they had sought to raise external finance in the last three years • Only 22% said yes • Banks were the main source (53%) with exception of SMEs with a turnover between • £50k - £250k • 84% of applications were successful

  7. Accountants advice in negotiations with banks

  8. Regulation • Why is the issue regulation so prominent in Australia and the UK?

  9. AUSTRALIAN AND UK CONTEXT • Australia 9th and the UK 6th easiest place to ‘do business’ (World Bank 2008) • UK administrative burden = £19.7bn per annum (1.6% GDP) • Australian administrative burden = estimates between AU$11bn and AU$17bn per annum (1.3% GDP)

  10. METHODOLOGY • Survey of Australian and UK owner managers and accountants • Sample sizes: • UK = 515 SMEs and 273 practicing accountants • Australia = 250 SMEs and 130 practicing accountants • Slight bias in both samples towards firms employing between 50 and 249 people and against firms employing less than 10 people

  11. REGULATIONS ARE REASONABLE Excluding ‘Don’t knows’ and ‘Not Applicable’ answers

  12. Work in Progress • Accountants as Providers of Support and Advice to SMEs: an Asian-Pacific study • The Roles of Competence, Trust and Professional Ethics in the Supply of External Financial Advice to SMEs • Income and reward: understanding self-employment decisions

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