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SMEs – an accountants role, the need for continual learning & professional membership

Learn about the vital role accountants play in SMEs, the significance of continuous learning, and the benefits of professional memberships with IFA and IPA Group. Discover pathways to gaining international recognition, credibility, and continuous professional development for SME and SMP professionals.

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SMEs – an accountants role, the need for continual learning & professional membership

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  1. SMEs – an accountants role, the need for continual learning & professional membership Jonathan Barber – Head of Business Development www.ifa.org.uk

  2. Terminology • SMEs – Small & Medium Enterprises • SMPs – Small & Medium Accountancy Practices

  3. Content • SMEs – relevance & definition • An accountants role • Institute of Financial Accountants (IFA) • Institute of Public Accountants of Australia (IPA) • Learning & Personal Development • Professional Membership

  4. SMEs • Globally relevant • Definition

  5. Definition – numbers

  6. SMEs – an accountants role • Small accounting or finance department • Need for all-round & generalised experience & knowledge • Ability to multi-task • Knowledge of non finance matters • Part of senior management team – strategic input • Work closely with external professional advisers • Trusted Business Advisers

  7. IFA & IPA Group • IFA established 1916 • IPA Group – 35000 members and students • Worlds largest SME/SMP focused accountancy group • Both Institutes FULL members of the International Federation of Accountants (IFAC) • IPA Group 20th largest member body of IFAC • Members work as accountants / finance professionals in SMEs or SMPs serving SMEs

  8. Professional Qualifications & Learning • IFA qualifications • Diploma in IFRS for Accounting Professionals • Endorsed local programmes

  9. Progression Routes to Membership

  10. Professional Membership – why? • International recognition • Enhanced credibility – designatory letters • Portability – global acceptance • Standards & Quality • Relevancy – specific support to members in SMEs & SMPs • Continual Professional Development – opportunities • Top Up degree – Northampton University • MBA Programme – Australian University • Relationship with other bodies

  11. Summary • SMEs “life blood of many economies” • Need for continual learning • Strength and reassurance from professional membership • IFA / IPA Group can help

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