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<br /> Good Practice Checklist for Small<br /> Business, Second Edition<br /> IFAC’s mission is to serve the public interest by: contributing to the development of high-quality standards<br /> and guidance; facilitating the adoption and implementation of high-quality standards and guidance;<br /> contributing to the development of strong professional accountancy organizations and accounting firms<br /> and to high-quality practices by professional accountants, and promoting the value of professional<br /> accountants worldwide; and speaking out on public interest issues.<br /> Exposure Drafts, Consultation Papers, and other IFAC publications are published by, and copyright of,<br /> IFAC.<br /> IFAC does not accept responsibility for loss caused to any person who acts or refrains from acting in<br /> reliance on the material in this publication, whether such loss is caused by negligence or otherwise.<br /> The IFAC logo, ‘International Federation of Accountants’, and ‘IFAC’<a title="SMP-Good-Practice-Checklist-for-Small-Business page 1" href="http://viewer.zmags.com/publication/9cbddc6a?page=1"> Good Practice Checklist for Small Business, Secon</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 2" href="http://viewer.zmags.com/publication/9cbddc6a?page=2"> IFAC’s mission is to serve the public interest by</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 3" href="http://viewer.zmags.com/publication/9cbddc6a?page=3"> The IFAC SMP Committee represents the interests o</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 4" href="http://viewer.zmags.com/publication/9cbddc6a?page=4"> Preface Small- and medium-sized practices (SMPs) </a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 5" href="http://viewer.zmags.com/publication/9cbddc6a?page=5"> Introduction What are the benefits of good busine</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 6" href="http://viewer.zmags.com/publication/9cbddc6a?page=6"> Management (while intended for SMPs, much of this</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 7" href="http://viewer.zmags.com/publication/9cbddc6a?page=7"> Checklist Below are some ways to build relevant a</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 8" href="http://viewer.zmags.com/publication/9cbddc6a?page=8"> consideration in any succession plan. A man</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 9" href="http://viewer.zmags.com/publication/9cbddc6a?page=9"> 1. Financial Tasks √ Activity Per</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 10" href="http://viewer.zmags.com/publication/9cbddc6a?page=10"> 1. Financial Tasks √ Activity Per</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 11" href="http://viewer.zmags.com/publication/9cbddc6a?page=11"> 1. Financial Tasks √ Activity Per</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 12" href="http://viewer.zmags.com/publication/9cbddc6a?page=12"> 2. Strategic Financial Tasks √ Activit</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 13" href="http://viewer.zmags.com/publication/9cbddc6a?page=13"> 2. Strategic Financial Tasks √ Activit</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 14" href="http://viewer.zmags.com/publication/9cbddc6a?page=14"> 2. Strategic Financial Tasks √ Activit</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 15" href="http://viewer.zmags.com/publication/9cbddc6a?page=15"> 3. Strategic Management Tasks √ Activi</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 16" href="http://viewer.zmags.com/publication/9cbddc6a?page=16"> 3. Strategic Management Tasks √ Activi</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 17" href="http://viewer.zmags.com/publication/9cbddc6a?page=17"> 3. Strategic Management Tasks √ Activi</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 18" href="http://viewer.zmags.com/publication/9cbddc6a?page=18"> 3. Strategic Management Tasks √ Activi</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 19" href="http://viewer.zmags.com/publication/9cbddc6a?page=19"> 3. Strategic Management Tasks √ Activi</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 20" href="http://viewer.zmags.com/publication/9cbddc6a?page=20"> 3. Strategic Management Tasks √ Activi</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 21" href="http://viewer.zmags.com/publication/9cbddc6a?page=21"> 4. Environmental Management Tasks √ Ac</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 22" href="http://viewer.zmags.com/publication/9cbddc6a?page=22"> • Set environmental objectives </a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 23" href="http://viewer.zmags.com/publication/9cbddc6a?page=23"> • Determine the need to communi</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 24" href="http://viewer.zmags.com/publication/9cbddc6a?page=24"> 3 Check your progress, ensuring you: • </a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 25" href="http://viewer.zmags.com/publication/9cbddc6a?page=25"> 4 Act to Owner and assigned staff Ongoing</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 26" href="http://viewer.zmags.com/publication/9cbddc6a?page=26"> differentiate your business in a buyer's market</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 27" href="http://viewer.zmags.com/publication/9cbddc6a?page=27"> 5. Regulatory Requirements: Lodging Returns a</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 28" href="http://viewer.zmags.com/publication/9cbddc6a?page=28"> 5. Regulatory Requirements: Lodging Returns a</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 29" href="http://viewer.zmags.com/publication/9cbddc6a?page=29"> 6. Personal Affairs of Business Owner √ </a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 30" href="http://viewer.zmags.com/publication/9cbddc6a?page=30"> Conclusion Good business practices will help ensu</a> <a title="SMP-Good-Practice-Checklist-for-Small-Business page 31" href="http://viewer.zmags.com/publication/9cbddc6a?page=31"> </a>