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Zmags
Good Practice Checklist for Small
Business, Second Edition
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The IFAC logo, ‘International Federation of Accountants’, and ‘IFAC’
Good Practice Checklist for Small Business, Secon
IFAC’s mission is to serve the public interest by
The IFAC SMP Committee represents the interests o
Preface Small- and medium-sized practices (SMPs)
Introduction What are the benefits of good busine
Management (while intended for SMPs, much of this
Checklist Below are some ways to build relevant a
consideration in any succession plan. A man
1. Financial Tasks √ Activity Per
1. Financial Tasks √ Activity Per
1. Financial Tasks √ Activity Per
2. Strategic Financial Tasks √ Activit
2. Strategic Financial Tasks √ Activit
2. Strategic Financial Tasks √ Activit
3. Strategic Management Tasks √ Activi
3. Strategic Management Tasks √ Activi
3. Strategic Management Tasks √ Activi
3. Strategic Management Tasks √ Activi
3. Strategic Management Tasks √ Activi
3. Strategic Management Tasks √ Activi
4. Environmental Management Tasks √ Ac
• Set environmental objectives
• Determine the need to communi
3 Check your progress, ensuring you: •
4 Act to Owner and assigned staff Ongoing
differentiate your business in a buyer's market
5. Regulatory Requirements: Lodging Returns a
5. Regulatory Requirements: Lodging Returns a
6. Personal Affairs of Business Owner √
Conclusion Good business practices will help ensu