Advanced Search
MyIDEAS: Login to save this article or follow this journal

The Evolution Of Financial Standards For Small And Medium- Sized Entities "

Contents:

Author Info

  • Mateja Jerman

    ()
    (Faculty of Management Koper University of Primorska Slovenia ")

  • Gordana Ivankovič

    ()
    (Faculty of Tourism Studies - Turistica University of Primorska Slovenia ")

Registered author(s):

    Abstract

    According to the growing need for more comparable accounting standards, the beginnings of In- ternational Financial Reporting Standards for small and medium sized entities (IFRS for SMEs) can be found in the year 2004. IFRS for SMEs represents for the first time an accounting standard for small and medium-sized companies that can be used globally. The paper aims to examine the histori- cal development of IFRS, the principal institutions linked to their adoption and the harmonization process of standards within the European Union. The main contribution of the paper refers to the evo- lution of IFRS for SMEs and the main differences between the full IFRS in use and the IFRS for SMEs. The results of the comparative analysis demonstrate that several differences exist between them. Alt- hough the aim of the new standard is to assure comparable financial statements for small and medium-sized entities, the presented disadvantages demonstrate that not necessarily its implementa- tion will assure more benefits than the cost that will occur."

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://anale.feaa.uaic.ro/anale/resurse/ctb2jerman.pdf
    Download Restriction: no

    File URL: http://anale.feaa.uaic.ro/anale/ro/Arhiva%202011-Jerman_Ivancovic/385
    Download Restriction: no

    Bibliographic Info

    Article provided by Alexandru Ioan Cuza University, Faculty of Economics and Business Administration in its journal Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi.

    Volume (Year): 58 (2011)
    Issue (Month): (november)
    Pages: 13-24

    as in new window
    Handle: RePEc:aic:journl:y:2011:v:57:p:13-24

    Contact details of provider:
    Postal: Universitatea Al. I. Cuza; B-dul Carol I nr. 22; Iasi
    Phone: 004 0232 201070
    Fax: 004 0232 217000
    Email:
    Web page: http://anale.feaa.uaic.ro/anale/
    More information through EDIRC

    Related research

    Keywords: financial reporting; accounting standards; IFRS; small and medium-sized companies;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:aic:journl:y:2011:v:57:p:13-24. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sireteanu Napoleon-Alexandru).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.