1887

n Professional Accountant - International financial reporting standards for SMEs : accounting standards

Volume 2010 Number 1
  • ISSN : 1680-7537

Abstract

The for was introduced by the IASB in 2009 as a self-contained standard of about 230 pages tailored for the needs and capabilities of smaller businesses. Many of the principles in full IFRSs for recognising and measuring assets, liabilities, income and expenses have been simplified, topics not relevant to SMEs have been omitted, and the number of required disclosures has been significantly reduced. To further reduce the reporting burden for SMEs revisions to the IFRS will be limited to once every three years.

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/content/account/10/1/EJC16857
2010-10-01
2019-11-15

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