Tuesday, November 06, 2007
Learning Business in a Fun Way
New Era (Windhoek)
NEWS5 November 2007 Posted to the web 5 November 2007
By Frederick PhilanderWindhoek
Namibia needs at least 800 more chartered accountants, bookkeepers and auditors if it wants to compete with the leading economies in the SADC Region.
This information was given in an opening speech on Saturday morning during the opening of the third annual Entrepreneurial School Game by the Association for the Advancement of Black Accountants' (ABAN) president, Patty Karuaihe-Martin. More than 33 secondary school teams countrywide have entered for the exciting financial game.
"This business school game presents an excellent opportunity for students to learn more about the accounting profession. Due to the demand and popularity of the business game, regional games will be organized next year," Karuaihe-Martin announced.
In her view, Namibian business today centres around and involves the movement or flow of money. "The purpose of the Running Business Today Simulation is to help learners understand where money comes from and where it goes to within business, as well as to understand your role in making business more successful. "It also helps learners to understand what benefits there are for individuals in being involved in a successful business or what risks there are in working for an unsuccessful business," she told the more than 100 learners.
One of the main objectives of ABAN is the development of the accounting industry in the country. "Currently of the state-owned enterprises, less than 10% are having qualified chartered accountants as part of their management teams, and this is much needed to increase better financial reporting and corporate governance.
"ABAN believes in exposing young talented learners to how business works through actual experiences through this game," she said.
ABAN has been actively engaged in encouraging and supporting learners and trainee accountants with guidance and mentorship. "At independence 17 years ago there were only three previously disadvantaged chartered accountants in the country. Today there are 53, a tremendous increase, which is still not enough in line with the country's Vision 2030. Accountants are important and are needed in all the sectors of our economy, government, commerce and industry," she said.
The main purpose of the business game is to expose learners to business and finance in a fun and educational manner.
"The game also aims to reach as many previously disadvantaged communities and introduce them to the business environment," she concluded.
Copyright © 2007 New Era. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com).
NEWS5 November 2007 Posted to the web 5 November 2007
By Frederick PhilanderWindhoek
Namibia needs at least 800 more chartered accountants, bookkeepers and auditors if it wants to compete with the leading economies in the SADC Region.
This information was given in an opening speech on Saturday morning during the opening of the third annual Entrepreneurial School Game by the Association for the Advancement of Black Accountants' (ABAN) president, Patty Karuaihe-Martin. More than 33 secondary school teams countrywide have entered for the exciting financial game.
"This business school game presents an excellent opportunity for students to learn more about the accounting profession. Due to the demand and popularity of the business game, regional games will be organized next year," Karuaihe-Martin announced.
In her view, Namibian business today centres around and involves the movement or flow of money. "The purpose of the Running Business Today Simulation is to help learners understand where money comes from and where it goes to within business, as well as to understand your role in making business more successful. "It also helps learners to understand what benefits there are for individuals in being involved in a successful business or what risks there are in working for an unsuccessful business," she told the more than 100 learners.
One of the main objectives of ABAN is the development of the accounting industry in the country. "Currently of the state-owned enterprises, less than 10% are having qualified chartered accountants as part of their management teams, and this is much needed to increase better financial reporting and corporate governance.
"ABAN believes in exposing young talented learners to how business works through actual experiences through this game," she said.
ABAN has been actively engaged in encouraging and supporting learners and trainee accountants with guidance and mentorship. "At independence 17 years ago there were only three previously disadvantaged chartered accountants in the country. Today there are 53, a tremendous increase, which is still not enough in line with the country's Vision 2030. Accountants are important and are needed in all the sectors of our economy, government, commerce and industry," she said.
The main purpose of the business game is to expose learners to business and finance in a fun and educational manner.
"The game also aims to reach as many previously disadvantaged communities and introduce them to the business environment," she concluded.
Copyright © 2007 New Era. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com).
# posted by D.Higgins @ 12:52 AM 
