Professional Documents
Culture Documents
2, DECEMBER -2014
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3. Practice Development.
4. SMPs as Trusted Business Adviser of SMEs.
5. New Services.
6. Challenges to Practicing Chartered Accountants.
7. Way Forward Thought.
8. Conclusion.
1. INTRODUCTION
What is Practice Management?
Practice management covers a wide array of topics,
both operational and strategic, to do with running a
successful accounting practice.
The theories, techniques, approaches and tools of
practice management are same as it is in a business.
Why Practice Management?
Effective management is essential to the success of
any organization including accountancy practices. It is
about recognizing opportunities and taking advantage
of them to the benefit of the organization
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Business
they
will
developmentAs
increasingly
practices
need
to
grow,
consider
3. PRACTICE DEVELOPMENT
SIZE OF THE CA FIRMS AND NUMBER OF PRACTICING
CHARTERED ACCOUNTANTS IN BANGLADESH
Size
Total Number of
Practicing Member
10 Partners
20
9 Partners
8 Partners
7 Partners
14
6 Partners
18
5 Partners
20
4 Partners
11
44
3 Partners
18
54
2 Partners
52
104
Proprietor
77
77
170
359
Total Member of
Chartered
Accountants
1499
PRACTICE DEVELOPMENT
SIZE OF THE CA FIRMS AND NUMBER OF PRACTICING CHARTERED
ACCOUNTANTS IN INDIA
27
102
986
12635
31950
PRACTICE DEVELOPMENT
1. Development of strategy:
Diversification in professional services.
Customization to work.
Face to- face interaction with the client.
PRACTICE DEVELOPMENT
3. Appropriate mix of staff:
PRACTICE DEVELOPMENT
7. Strategy for being more valuable to clients:
PRACTICE DEVELOPMENT
10. Enhance client value:
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Marketing
Finance
India
Pakistan
Bangladesh
Nepal
Energy
Technology
Infrastructure
Market
Environment
Labor
Issues
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5. NEW SERVICES
New emerging areas for Chartered Accountants
1. Practice Specialisation.
2. Management consultancy.
3. Internal Audit.
4. Valuation services.
5. Services related to change management.
6. Corporate Finance.
Human Resource.
Change management.
Management of information technology.
Business development.
The changing nature of competition.
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THOUGHT 1
SATISFIED?
If YES,
what more do they
deserve
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THOUGHT 2
POSITIONING
Specialise in
taxation
Specialise in service
taxes
IFRS Specialization
Business Consulting
Partner
THOUGHT 3
OUR INTERNAL BRANDING
Belongingness in the Organization.
Relationship with left employees.
Pride in the Organization and Creation of internal
Culture.
Good News Board.
Todays Special at office.
Vision exercise.
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THOUGHT 4
BUILDING FIRMS WORK CULTURE
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THOUGHT 5
EGO IS A MONSTER
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8. CONCLUSION
towards
interpretation
and
value
added
services.
Enhancement can take place with a little effort and in
some cases no cost by way of having stronger focus in HR
and change in work culture.
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