Chartered Accountants must move beyond comfort zone

Business

May 29, 2017

Source: Ophelia Laryea/thebftonline.com/Ghana

A fellow of the Association of Chartered Certified Accountants (ACCA, UK), Professor Bosiako Omane-Antwi, has urged certified accountants in the present government institutions to go beyond their regular functions to provide support that will make government’s policies and programmes successful.

“It is not the question of been part of government, it is about where you are and what you can do as a chartered accountant. I am concerned about the small and medium scale enterprises which we all know is going to be the engine of growth for the agenda that we have in front of us for example this one district one factory policy. We accountants are supposed to add value to our function in the organisations we find ourselves.”

Speaking as the chairman of the ACCA Annual General Meeting, Prof.  Omane-Antwi explained that accountants can take on roles in the various sectors such as oil and gas, environment, manufacturing, SMEs amongst others to improve and ensure the growth of the country.

Under the theme: “Ghana’s Growth Agenda — The Role of the Finance Professional,” Prof. Omane-Antwi explained that most Ghanaians venture into commerce basically due to lack of knowledge on how to keep a small-scale enterprise.

He further explained that the country can only create wealth through value addition and accountants have the skills and can advise entrepreneurs on the way forward.

“Buying and selling is good but it will not necessarily help to develop the country. You need where you can create wealth by way of value addition and once you go into that particular area, you will be able to know what is expected of you as an entrepreneur.”

According to the organization’s 2016/2017 report, the institution made strategic alliances with some key professional bodies and other institutions. They include the Chartered Institute of Bankers (CIB), National Banking College amongst others.

The institution has also opened a club at the University of Ghana in addition to the University of Cape Coast campus club to provide support to all active and prospective ACCA students on campus.

Prof. Omane-Antwi also urged accountants to move out of their comfort zone to help in projects and small-scale enterprises since computers are now doing almost half of the jobs in this profession.

The president of ACCA, Henry Tetteh Djangmah also stated that ACCA has undertaken a lot of corporate social responsibility initiatives as a way of giving back to the society.

“ACCA has collaborated with the World Bank on corporate governance which is one key for building the SMEs. We are also creating a desk whereby when it comes to any issue that is complicated the SMEs can phone-in and ask how they can go about it …those are some of the things we are doing to support the SMEs.”

In the 2017/2018 calendar, the institution will be holding seminars on public sector financial management, leadership skills for accountants, corporate social responsibilities, business continuity planning amongst other topics.

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