Detail IFRS for SMEs: The Next Standard for U.S. Private Companies?   Oleh:  Fitzpatrick, Mark ; Frank, Fred Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 208 no. 6 (Dec. 2009), page 50. Topik: International Accounting Standards Board (IASB); International Financial Reporting Standards (IFRS); Small and Medium-sized Entities (SMEs) Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.28 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel In July 2009, the International Accounting Standards Board (IASB) released International Financial Reporting Standards designed for use by small and medium-sized entities (SMEs). IFRS for SMEs is a self-contained, standalone set of financial accounting and reporting standards. Along with the standards, the board released implementation guidance, such as example financial statements and disclosure checklists. The board is also developing training materials for IFRS for SMEs. At approximately 230 pages, IFRS for SMEs is a simplified version of full IFRS. This guidance is the result of the overall cost-benefit analysis by the board in considering the needs of non-publicly accountable entities (see definition below) and their financial reporting users, with the goal of providing a practical alternative to full IFRS. With this view, the IASB eased certain recognition and measurement requirements by generally allowing only one accounting treatment. The accounting treatment in the standards is generally simpler than that allowed or required by full IFRS. Also, disclosure requirements are reduced from full IFRS, and topics not relevant to SMEs have been omitted from the standards. The IASB has further simplified the standards’ usability by limiting revisions to IFRS for SMEs to once every three years. These simplifications provide a version of IFRS that is less costly to implement than full IFRS and perhaps more relevant to the users of SME financial statements. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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