IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

The Impact Of The Statement Of Gaap For Sme’S In South Africa

Listed author(s):


    (School of Accounting Sciences, North West University, Potchefstroom, South Africa)



    (School of Accounting Sciences, North West University, Potchefstroom, South Africa)

Registered author(s):

    Even though various support initiatives for small and medium enterprises (SMEs) have been introduced in recent times, there are also many limiting characteristics of SMEs, such as a lack of 'formality' in terms of accounting procedures. The introduction of International Financial Reporting Standards (IFRS) made it even more difficult for SMEs to adhere to accounting requirements. In 2007 the International Accounting Standards Board (IASB) proposed less stringent reporting requirements for SMEs with the release of the exposure draft on IFRS for SMEs and South Africa became the first country to formally adopt these reporting requirements as a Statement of GAAP. In this study the impact of these reporting requirements on SMEs are explored, based on the current South African SME’s reporting and disclosure practices. It was found that there is a considerable difference between the contents of the Statement of GAAP for SMEs and current reporting for SMEs.

    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:
    File Function: Revised version, 2011
    Download Restriction: no

    Article provided by Babes-Bolyai University, Faculty of Business in its journal JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA.

    Volume (Year): (2011)
    Issue (Month): ()

    in new window

    Handle: RePEc:bbn:journl:2011_2_1_buys
    Contact details of provider: Postal:
    Str Horea nr. 7, Cluj-Napoca 400174

    Phone: 004 0264 599170
    Fax: 004 0264 590110
    Web page:

    More information through EDIRC

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

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

    When requesting a correction, please mention this item's handle: RePEc:bbn:journl:2011_2_1_buys. 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: (Cornelia Pop)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.