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Strategies For And Implications Of The Ifrs For Smes Implementation In Emerging Economies

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  • Nadia Albu

    (Chair of International Accounting and Financial, Facultatea de contabilitate și informatică de gestiune, Bucuresti - CIG ASE - The Faculty of Accounting and Management Information Systems, Academia de Studii Economice din Bucureşti - A.S.E. - The Bucharest Academy of Economic Studies / Academia de Studii Economice din Bucureşti)

  • Catalin Nicolae Albu

    (Chair of International Accounting and Financial, Facultatea de contabilitate și informatică de gestiune, Bucuresti - CIG ASE - The Faculty of Accounting and Management Information Systems, Academia de Studii Economice din Bucureşti - A.S.E. - The Bucharest Academy of Economic Studies / Academia de Studii Economice din Bucureşti)

Abstract

IASB issued in 2009 the IFRS for SMEs to address the need for international comparability in terms of financial reporting by SMEs. The purpose of this paper is to discuss possible IFRS for SMEs implementation scenarios and implications in emerging economies, using the case of Romania as an illustrative example. We provide insights regarding the role of accounting and accountants, the users and their interests, and the expectations regarding the future reforms of the accounting model around this implementation. We argue that the most preferable approach of implementation in emerging economies should focus on convergence and should emphasize continuous education of the accounting profession and of the business environment.

Suggested Citation

  • Nadia Albu & Catalin Nicolae Albu, 2012. "Strategies For And Implications Of The Ifrs For Smes Implementation In Emerging Economies," Post-Print hal-00936564, HAL.
    • Handle: RePEc:hal:journl:hal-00936564
    Note: View the original document on HAL open archive server: https://hal.science/hal-00936564
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    References listed on IDEAS

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