Rank the listed items below from the most common up to the least common challenge that your

company encounters in applying PFRS for SMEs

(Rank from 1-10; 1 being the most common problem and 10 being the least)

____ a. Lack awareness PFRS for SME

____ b. Lack of adequate training and skills

____ c. Additional cost of training

____ d. Absence of separation between management and owners of business

____ e. Too costly to implement

____ f. Complexity of guidelines by PFRS for SMEs

____ g. Requires more staff

____ h. Unwilling to change

____ i. Added no value to business

____ j. Inadequate knowledge of how to implement PFRS for SMEs