IFRS SMES vs IFRS

Overview

Both IFRS and IFRS for SMEs are self-contained standards designed to meet the needs of specific financial statement users. This course is designed to explain the differences between the two standards, including disclosure requirements and recognition and measurement principles.

Objectives

• Explore which entities may appropriately apply IFRS for SMEs
• Discover the primary differences of IFRS for SMEs compared to full IFRS
• Recognize important principles that are reinforced in both IFRS for SMEs and full IFRS

Highlights

• Overview of IFRS for SMEs
• General pervasive similar concepts
• Differences with financial instruments
• Differences with business combinations
• Differences in investments in other entities
• Differences in intangible assets
• Differences in income taxes
• Differences in employee benefits
• Differences in revenue and expenses