A critical analysis of the contents of the IFRS for SMEs - a South African perspective
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | A critical analysis of the contents of the IFRS for SMEs - a South African perspective | |
| Creator | Schutte, Daniel Petrus Buys, Pieter | |
| Description | The International Financial Reporting Standards (IFRS) for Small and Medium Enterprises (SMEs) was developed to address the reporting needs of SMEs worldwide. Furthermore, SMEs from different parts of the world are exposed to different conditions and environments. Althoughthe IFRS for SMEs was not intended for a specific user group,the majority ofthe respondents to the Exposure Draft on IFRS for SMEs were from Europe and other developed countries while only limited respondents from Africa and developing countries were involved. This study considered the relevance of the contents of the IFRS for SMEs in the South African environment based on user requirements. Since SMEs do not necessarily have functional accounting departments and because they rely on external accountants to compile financial statements, we included accounting practitioners and trainee accountants from the SME sector in our survey. As a result weclassified the contents of theIFRS for SMEs, from a South African perspective, into different levels of importance or relevance. | |
| Publisher | AOSIS Publishing | |
| Date | 2011-06-06 | |
| Identifier | 10.4102/sajems.v14i2.61 | |
| Source | South African Journal of Economic and Management Sciences; Vol 14, No 2 (2011); 188-209 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/61/66
https://sajems.org/index.php/sajems/article/downloadSuppFile/61/24
https://sajems.org/index.php/sajems/article/downloadSuppFile/61/25
https://sajems.org/index.php/sajems/article/downloadSuppFile/61/26
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