SMEs Accounting Discussed
By Debbie Too

Bandar Seri Begawan - The Brunei Institute of Certified Accountants (BICPA - FTMS) held a one-day seminar on Accounting Standards here yesterday.

Navzar Taraporvala, a graduate from London School of Economics, conducted the seminar where its main emphasis is on the new accounting standards for Small and Medium Enterprises (SMEs).

As a member of the Panel of FTMS Global Speakers and with his experience as a lecturer and author specialising in Financial Reporting, Navzar is considered one of the world's finest technical lecturers in the financial reporting subjects.

Navzar has conducted highly-rated Association of Chartered Certified Accountants (ACCA) courses for international accounting firms and multinational corporations all over Eastern Europe, the Baltic States and the Far East Region. "Since Brunei has no set standards for accounting, this seminar acts as a guideline for participants," said Zunaidah Ibrahim, who is the Marketing and Administrative executive of BICPA - FTMS Accountancy Sdn Bhd.

There were 20 participants at the seminar representing Ideal Multifeed Sdn Bhd, DST, AIA Insurance, the Ministry of Finance, and Lee and Raman (an auditing firm). Apart from dealing with International Accounting Standards( IAS), the seminar will touch on International. Financial Reporting Standards (IFRS) and the changing of Generally Accepted Accounting Principles (GAAP) and recent developments as well as the harmonisation with IAS/IFRS in Asia.

BICPA-FTMS Accountancy Academy is a premier Executive Development Centre in the region. The Company is part of FTM$ Global, a large conglomerate with diversified interests. The Group's other interests include professional recruitment, computer training, publishing, software development and property development. -- Courtesy of Borneo Bulletin

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