Make financial reports easier to interpret, urges Mutati
Published On April 26, 2018 » 992 Views» By Davies M.M Chanda » Business, Stories
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. Mutati

By JAMES KUNDA –
ASSOCIATION of Chartered Certified Accountants (ACCA) global advocate
of the year, Felix Mutati has said that accountants should make financial reports of business entities easier to interpret.
Mr Mutati, a chartered accountant said financial reports should be simplified as access to the documentation was wide beyond accountancy practitioners.
He said accountants were abreast with informative data of how access to finance could be eased to enable small businesses flourish and therefore they should simplify the presentation of reports.
Mr Mutati who is also Works and Supply Minister was speaking in Lusaka on Tuesday during the launch of the ACCA Zambia advocacy programme.
He said accountancy practitioners in both the public and
private sector should uphold good morals by refraining from abuse of the financial resources under their care.
“When you publish a financial report, you are informing the people about your performance as a business entity. The outlook of this report should be simplified because there are more people accessing it out there other than the accountants,” he said.
Mr Mutati, who was formally congratulated on his award of ACCA global advocate, which he received in Scotland this year, urged accountants to help Government explore additional ways of empowering Small and
Medium Enterprises (SME’S) with access to capital.
At the same occasion, ACCA Zambia Head Mukaba Mukaba said with effect from September this year, ACCA applied skills examination courses would be administered online.
This, he said was under a pilot programme for computer-based examining of ACCA scholars in Zambia, Botswana and South Africa.
“It is expected that by 2020, all our examinations will be computer-based; utterly paperless,” Mr Mukaba said.
He urged employers in the country to support graduates of ACCA programmes by availing jobs in the field whenever vacancies occurred.
ACCA Zambia network panel chairperson Sean Mukelabai urged ACCA members to get involved in contributing towards the profession’s development.

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