Business Advisory Services - Developing Knowledge About Your Clients' Businesses

BAS005

As accountants move from being preoccupied with annual accounts and taxation matters into offering a broader range of professional services, they'll need to develop a more in-depth knowledge of your clients' businesses.

Who are their suppliers, where are they located, what's the terms of trade etc.

Business Advisory Services matter as you start looking at the development of a role whereby you could offer a broader range of professional services to your clients, because to fulfil that role, you have to become the 'Chief Financial Officer' for your clients and to perform that role, you need to have a broad knowledge on all aspects of the business activities that your client is conducting and then you can be making real valuable contributions.