What is the advantage of using an external accountant? For family businesses, the benefits are significant, according to Francesco Barbera of Stetson University and Tim Hasso of Queensland University of Technology, who recently joined Assistant Editor Karen Vinton on the Family Business Review podcast. Their article, “Do We Need to Use an Accountant? The Sales Growth and Survival Benefits to Family SMEs,” is forthcoming in FBR and now available in the journal’s OnlineFirst section.
“The old view of an accountant as a bean counter isn’t the reality anymore,” Dr. Hasso explained. “Oftentimes, they become a quasi-consultant who provides advice on a wide range of topics, including operations, strategy, and sometimes even marketing.” Click here to download the podcast interview, or subscribe on iTunes by following this link.
Francesco Barbera is an Assistant Professor at the Family Enterprise Center at Stetson University. His research is focused on technical and scale efficiency differentials between family and non-family firms using an economic framework.
Tim Hasso is a lecturer in the School of Accountancy at the Queensland University of Technology. His research focuses on the intersection of accounting topics and family firms.
Karen L. Vinton, Ph.D., is assistant editor of FBR and Professor Emeritus of Business at the College of Business at Montana State University, where she founded the University’s Family Business Program.