progress on international frs for smes
DESCRIPTION
Progress on International FRS for SMEs. IASB believes 95% of Companies are SME ’ s Standard published 2009 Who will it apply to? Entities that: (a) do not have public accountability; and (b) publish general purpose financial statements for external users. New UK Proposal. - PowerPoint PPT PresentationTRANSCRIPT
Current Developments in Accounting
Progress on International FRS for SMEsIASB believes 95% of Companies are SMEsStandard published 2009Who will it apply to? Entities that:(a) do not have public accountability; and(b) publish general purpose financial statements for external users.
1New UK ProposalIFRS for AIM & QuotedFRS for companies in middle (UK version of IFRS for SMEs)UK FRSSE small cosPlus reduced disclosure framework for Parent Company & Subsidiaries where group uses IFRS
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