The problem addressed in the proposed study was that the impact of E-commerce on traditional travel agencies has not been thoroughly examined, indicating that the disintermediation will continue to limit the success of these agencies. The current study consisted of an examination the impact of E-commerce in the profitability and the sustainability of travel agencies in respect of size, to determine if these perceptions vary as a function of the size of the travel agency. In addition, quantitative survey data was used to achieve the purposes of this study. The participants in this study were U.S. citizen's traditional travel agent who experiences the E-commerce impact. The results indicated that travel agents from larger agencies tended to believe that the effect of E-commerce on travel agencies was smaller than did travel agents from smaller agencies. The second conclusion from this study was that the participants felt confident that the need travel agents would remain in the coming years. In addition, we presented the current strategies used by the travel agencies and our suggestions to remain competitive.

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The purpose of this study is to explore the convergence mechanism and process of SME's financial statements into the International Financial Reporting Standards(IFRS) including the benefits and the impact of financial reporting on users of financial statements. The paper also explains the early IFRS adoption in Saudi Arabia according to the guideline provided by Saudi Organizations for Certified Public Accountants (SOCPA). The mechanism of the convergence incudes: nature of information to gather during the convergence, the significant IFRS to include in the financial reports, and financial accounts affected by the convergence. The article results find that the fair value adoption and Zakat rules are the most challenges for SME's in the financial stamens convergence process in addition to lack of adequate guidance by SOCPA and the complexity of IFRS. The Zakat rules need more interpretation and transparency. Therefore, companies spend more effort in financial statements convergence for Zakat purpose. In addition, more collaboration and training are required to improve the quality of financial reporting which would reduce the time consumption and convergence costs including cost of outsourcing (offshoring) financial statements convergence into IFRS.

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