(Gawadar, January 4 2009) ACCA and SMEDA have jointly organised a workshop on bookkeeping in Gwadar. The workshop aimed at enabling the entrepreneurs understand the fundamentals of accounting and bookkeeping thus facilitating small business owners to maintain relevant and reliable records that would help in internal and external decision- making as well as improved access to finance. The workshop was conducted by Mr. Amin Ali, an ACCA member.
The workshop leader provided practical guidance to small business owner managers for maintaining cash books, records of inventory, debtors and creditors, maintaining productive working relationship with banks, preparing records of financial position and performance of business. The participants appreciated ACCA efforts in arranging a workshop that would assist in development of effective accounting records.
Mr Arif Masud Mirza, Head of ACCA Pakistan commenting on the holding of workshop stated, “as small businesses in Pakistan face a number of micro and macro national and global economic challenges, the key to survival of small businesses is maintaining liquidity thus ensuring that cash is being managed effectively and efficiently. It is thus imperative that small businesses maintain dependable accounting records. ACCA Pakistan has been working with SMEDA to enable entrepreneurs maintain accounting records that would be useful in decision-making.”