1、FOUNDERSGUIDE FORSTART-UPS ANDENTREPRENEURS:ROLE OFACCOUNTANCYAND FINANCEForewordStart-ups in India have seen remarkable growth in recent years,with India emerging as the third-largest business ecosystem for new ventures,globally.Contributing to Indias ambitions of becoming a US$5 trillion economy b

2、y 2025,start-ups are being seen as the spine of a new India.Success in entrepreneurship relies on effective financial management.Maintaining financial discipline is crucial for establishing a robust front-end while being compliant with laws and regulations builds a solid back-end foundation.Accounta

3、ncy and finance professionals,including accountants,financial analysts and tax experts,play a crucial role in helping start-ups address financial issues:from providing the required maturity in financial processes that is essential to raising an Initial Public Offer(IPO),for example,through to ensuri

4、ng compliance with regulatory and taxation requirements.In this guide,ACCA,in consultation with its members and industry practitioners,lays down the dos and donts across the key aspects of financial management for a start-up and for an entrepreneur aiming to create a substantial business.It also out

5、lines various touchpoints with accountancy and finance professionals and the skills they need to contribute effectively as thought partners.Relevant for entrepreneurs,budding entrepreneurs,and accountancy and finance professionals keen to work with entrepreneurs,this guide is ACCAs contribution to s

6、upporting the thriving start-up ecosystem in India.In line with ACCAs public value agenda for supporting our members,future members,and the accountancy and finance community at large,the report offers practical tips to empower them to pursue their entrepreneurial dreams.Md.Sajid KhanDirector IndiaAC