INTERNATIONAL FINANCIAL REPORTING STANDARDS FOR SMES

Cicilia IONESCU Ionescu and Lucian Dorel Ilincuta ()
Additional contact information
Cicilia IONESCU Ionescu: Spiru Haret University
Lucian Dorel Ilincuta: Spiru Haret University

Annals of Spiru Haret University, Economic Series, 2011, vol. 2, issue 2, 165-171

Abstract: IFRS for SMEs give the response to an international requirement of the developed and emerging economies in the process of globalization to have a rigorous and common set of international accounting provisions (standard, rule, regulation) specifically for SMEs, to be much more simplified than the complete IFRSs. The area where are applicable the IFRS for SMEs includes all the profit-oriented entities that prepare the general financial statements and do not have the public accountability and there are excluded the entities whose securities are publicly traded and the financial institutions like banks and the insurance companies.

Keywords: IFRS for SMEs; simplified financial reporting; public accountability; options; external users; recognition and assessment principles (search for similar items in EconPapers)
JEL-codes: B21 C81 F15 L14 M41 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://anale-economie.spiruharet.ro/en/wp-content/ ... _Ilincuta-Lucian.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:sphecs:0133

Access Statistics for this article

Annals of Spiru Haret University, Economic Series is currently edited by Elena Gurgu and Constantin Mecu

More articles in Annals of Spiru Haret University, Economic Series from Universitatea Spiru Haret no. 13 Street Ion Ghica, Quarter 3, Bucharest, Cod postal: 030045, tel: (004021) 455.1000; 314.00.75; 314.00.76, fax: (004021) 314.39.08, e-mail: info@spiruharet.ro. Contact information at EDIRC.
Bibliographic data for series maintained by Aurelian A BONDREA () and Constantin Mecu ( this e-mail address is bad, please contact ).