International Financial Reporting Standards (IFRS) for small and medium-sized enterprises

Book chapter

Perera, Kaluthanthrige Dona Dinuja. (2024). International Financial Reporting Standards (IFRS) for small and medium-sized enterprises. In In Chand, Parmod (Ed.). Encyclopedia of International Accounting pp. 27-36 Edward Elgar Publishing. https://doi.org/10.4337/9781800889712.00012
AuthorsPerera, Kaluthanthrige Dona Dinuja
EditorsChand, Parmod
Abstract

Chapter 5 examines the International Financial Reporting Standards (IFRS) for small and medium-sized enterprises (SMEs) that were issued by the International Accounting Standards Board in July 2009, outlining their acceptance and the successful implementation of the standards around the world. This was the first set of international accounting standards developed particularly for non-publicly accountable entities in response to strong international demand for a simplified set of accounting standards for SMEs. Globally, 80-plus jurisdictions have adopted IFRS for SMEs, while some jurisdictions have indicated their desire to adopt the standards for non-publicly accountable entities.

KeywordsIFRS; Small and medium-sized enterprises; Acceptance; Successful implementation; Challenges
Page range27-36
Year01 Jan 2024
Book titleEncyclopedia of International Accounting
PublisherEdward Elgar Publishing
Place of publicationUnited Kingdom
ISBN978-1-80088-970-5
Digital Object Identifier (DOI)https://doi.org/10.4337/9781800889712.00012
Web address (URL)https://www.elgaronline.com/display/book/9781800889712/chapter5.xml
Open accessPublished as non-open access
Research or scholarlyResearch
Publisher's version
License
All rights reserved
File Access Level
Controlled
Output statusPublished
Publication dates
Print20 Jun 2024
Publication process dates
AcceptedJun 2024
Deposited19 Sep 2024
Additional information

© Parmod Chand, 2024. All rights reserved.

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Users’ perspective on the usefulness of international financial reporting standards for small and medium-sized enterprises-based financial reports
Perera, Kaluthanthrige Dona Dinuja, Chand, Parmod and Mala, Rajni. (2023). Users’ perspective on the usefulness of international financial reporting standards for small and medium-sized enterprises-based financial reports. Meditari Accountancy Research. 31(5), pp. 1133-1164. https://doi.org/10.1108/MEDAR-03-2020-0809
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