IFRS for SMEs 2015
Price:35$
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Book Publish Date
07-Sep-2021
The only official printed edition of the International Accounting Standards Board's IFRS for SMEs Standard that incorporates and is updated by 2015 Amendments (effective for annual reporting periods beginning on or after January 1, 2017 with early application permitted).
The SMEs Standard has simplifications that reflect the needs of users of SMEs’ financial statements and cost-benefit considerations.
Compared with full IFRS Standards, it is less complex in a number of ways:-
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topics that are not relevant for SMEs are omitted;
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many of the principles for recognizing and measuring assets, liabilities, income and expenses in full IFRS Standards are simplified;
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significantly fewer disclosures are required;
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the SMEs Standard has been written in clear, easily translatable language; and
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revisions to the Standard are not expected to be made more frequently than once every three years.
It is intended for entities that do not have public accountability as defined in the IFRS for SMEs Standard.