Research findings of the needs of SMEs on business services and their purchasing patterns of these services

1. Opportunities for Accountants in servicing the needs of SMEs Nik Mohd Hasyudeen Yusoff President Malaysian Institute of Accountants

7. Research Background Type of services Detailed definition Accounting Bookkeeping, Financial statement compliance, Budgeting/Forecasting, Product/Services costing, Customer profitability analysis, Financial planning Taxation Compliance, Planning, Dispute resolution, Incentives application Assurance Financial audit, Internal audit, Internal control review, Financial due diligence Corporate services Company secretarial services, Mergers & Acquisitions Corporate finance Fund raising, Financial management services Business consulting Strategy & planning, Performance management, IT consulting, Business restructuring, Insolvency & receivership, Human resource consulting

9. Profile of Respondents

10. Profile of Respondents

11. Key Findings and Observation Around 14% of SMEs which maintain their own accounts out-sourced the preparation of financial statements

13. Key Findings and Observation Where SMEs procure the out-sourced business services?

14. Key Findings and Observation Reasons cited by SMEs in procuring the out-sourced business services

15. Key Findings and Observation Reasons cited by SMEs in procuring the out-sourced business services

16. Key Findings and Observation How SMEs select the out-sourced business services providers?

17. Key Findings and Observation How SMEs select the out-sourced business services providers?

25. Key Findings and Observation

30. Thank you