THE INTERNATIONAL FINANCIAL REPORTING STANDARD FOR SMALL AND MEDIUM-SIZED ENTITIES: PROS, CONS AND CHALLENGES

被引：0
|
作者：
Bunea-Bontas, Cristina Aurora [1 ]
Petre, Mihaela Cosmina [1 ]
机构：
[1] Constantin Brancoveanu Univ, Fac Management Mkt Econ Business Braila, Pitesti, Romania
来源：
ECONOMIC WORLD DESTINY: CRISIS AND GLOBALIZATION?, SECTION IV: BANKING, ACCOUNTING AND FINANCIAL SYSTEMS FROM THE 21ST CENTURY PERSPECTIVE | 2010年
关键词：
small and medium-sized entities; financial reporting; users' needs; cost-benefit of financial reporting;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The IFRS for SMEs is considered an important milestone in the process of international accounting harmonization. The aim of this paper is to discuss some consensual and controversial issues on this standard, focusing on the need for specific accounting regulation for SMEs, practical consideration prior its adoption, its impact from the perspective of important stakeholders, and some challenges of adopting the IFRS for SMEs. Our conclusion is that a simplified framework for financial reporting for private entities is in the best interest of the users of financial information and that the efforts of the IASB in these directions are welcomed.
引用
收藏
页码：110 / 119
页数：10
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