INTERNATIONAL REPORTING

摘要

The International Accounting Standards Board has published International Financial Reporting Standards for Small and Medium-sized Entities as a stand-alone document that:rn1. omits topics in IFRS that are not relevant to SMEs;rn2. allows the easier option when IFRS permit accounting policy choices;rn3. simplifies many principles for the recognition and measurement of assets, liabilities, income and expenses; andrn4. requires significantly fewer disclosures. Individual jurisdictions must decide whether to require or permit the use of IFRS for SMEs in place of full IFRS or national requirements and, if so, by which entities. IFRS for SMEs is not suitable for publicly traded entities and financial institutions.