STRATEGIES FOR AND IMPLICATIONS OF THE IFRS FOR SMES IMPLEMENTATION IN EMERGING ECONOMIES

Nadia Albu and Catalin Nicolae Albu
Additional contact information
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 University 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 University of Economic Studies / Academia de Studii Economice din Bucureşti

Post-Print from HAL

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.

Keywords: IFRS for SMEs; emerging economies; role of accountants; interests; convergence; IFRS pour les PMEs; économies émergentes; rôle des comptables; intérêts (search for similar items in EconPapers)
Date: 2012-05-21
Note: View the original document on HAL open archive server: https://hal.science/hal-00936564v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Comptabilités et innovations, May 2012, Grenoble, France. pp.cd-rom

Downloads: (external link)
https://hal.science/hal-00936564v1/document (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:hal:journl:hal-00936564

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().