Comparison of Approaches to Financial Reporting of Non-current Assets According to the IFRS for SMEs and IAS/IFRS

Hinke, Jana; Zborková, Jitka

doi:10.1016/j.proeng.2014.03.044

Cited by 4 publications

(2 citation statements)

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“…The International Financial Reporting Standards (IFRS) and the IFRS for Small and Medium-sized Entities (SMEs) differ in several key aspects [20]:…”

Section: Iii) Evaluation Of Provisions and Contingent Liabilities By ...mentioning

confidence: 99%

International Financial Reporting Standards Convergence Process for Small and Medium-Sized Entities

Gök

2024

IJEMS

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The "International Financial Reporting Standards (IFRS) Convergence Process for Small and Medium-Sized Entities (SMEs)" seeks to address the unique challenges and requirements faced by smaller businesses in adhering to international accounting and reporting standards. This initiative recognizes that SMEs operate in diverse economic environments and have distinct financial reporting needs compared to larger enterprises. The primary purpose of this convergence process is to enhance the relevance, accessibility, and practicality of IFRS for SMEs, fostering consistency in financial reporting practices across global markets.A project to create accounting standards appropriate for small and medium-sized businesses (SMEs) is being worked on by the International Accounting Standards Board. This abstract provides an overview of the convergence process involving International Financial Reporting Standards (IFRS) for Small and Medium Sized Entities (SMEs). With the global landscape of financial reporting constantly evolving, the integration of IFRS tailored specifically for SMEs marks a pivotal transition towards harmonizing financial reporting practices. This paper examines the essential elements and implications of this convergence, addressing the challenges and benefits faced by SMEs as they align with these international standards. The analysis delves into the driving factors behind the convergence, including the necessity for a unified and transparent financial reporting framework, aiming to facilitate comparability and accessibility of financial information across borders. Furthermore, the abstract discusses the potential impact on SMEs' financial reporting quality, decision-making processes, and access to capital. Through a comprehensive review of the convergence process, this abstract seeks to contribute to the understanding of the significance and implications of adopting IFRS for SMEs, thereby providing valuable insights for practitioners, regulators, and stakeholders in the financial reporting ecosystem.

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“…The International Financial Reporting Standards (IFRS) and the IFRS for Small and Medium-sized Entities (SMEs) differ in several key aspects [20]:…”

Section: Iii) Evaluation Of Provisions and Contingent Liabilities By ...mentioning

confidence: 99%

International Financial Reporting Standards Convergence Process for Small and Medium-Sized Entities

Gök

2024

IJEMS

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“…A befektetett eszközök értékének megfelelő kimutatása a számviteli rendszerek egyik elsődleges kérdése, mivel ezek a legtöbb vállalat összes eszközének jelentős részét képezik [10]. Az IFRS is különbséget tesz a befektetett eszközök és a forgóeszközök között.…”

Section: Követő éRtékelésunclassified

Az IFRS-ek szerinti követő értékelési modellek a bux index vállalatai körében

Hamad

2023

economica

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The main purpose of the research is to examine the models used for the subsequent measurement of property, plant and equipment, intangibles, and investment properties in the case of BUX index companies. Since the BUX index includes companies listed on the Budapest Stock Exchange, they must prepare their financial statements according to the International Financial Reporting Standards (hereinafter: IFRS). In my research, I examined the models used by the companies of the BUX index regarding the subsequent measurement. As a research question, I formulated whether the companies of the BUX index use a model similar to the model used in Hungarian accounting or take advantage of the transition to IFRS and instead use models that show assets at fair value in their books. The study points out that the routines of the evaluation methods used in the previous Hungarian accounting system remained even after the transition to IFRS.

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Uluslararası Finansal Raporlama Standartlarının KOBİ’ler Açısından Değerlendirilmesi – Türkiye Uygulaması

Karahan

Iğde

Özbezek

2017

Gaziantep University Journal of Social Sciences

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Ulusal düzeydeki muhasebe uygulamaları ile uluslararası uygulamalar arasındaki farklılıklar, finansal bilginin karşılaştırılmasını zorlaştırmakta, fon toplanması sürecinde engel oluşturmakta, uluslararası işletme alım-satımı ve birleşmelerinde zorluklar yaşanması gibi sorunlara neden olmaktadır. Bu tür sorunların ortadan kaldırılması, farklı muhasebe uygulamalarının uyumlu hale getirilmesi ve uluslararası düzeyde aynı muhasebe standartlarının uygulanmasını sağlamak amacıyla Uluslararası Muhasebe Standartları Kurulu (IASB) tarafından Uluslararası Finansal Raporlama Standartları (UFRS) yayınlanmıştır. Buna paralel olarak Türkiye'de de Türkiye Muhasebe Standartları Kurulu (TMSK) tarafından Türkiye Finansal Raporlama Standartları (TFRS) uyarlanmıştır. KOBİ'ler dünya ekonomisi için vazgeçilmez bir öneme sahiptirler. KOBİ'ler tarafından sağlanan muhasebe bilgisi de aynı öneme sahip olmalıdır. UFRS/TFRS'lerin karmaşık ve zor anlaşılması nedeniyle finansal tablolarını değerlendirmede zorlanan Küçük ve Orta Büyüklükteki İşletme (KOBİ)'ler için 2009 yılında KOBİ UFRS, Türkiye'de ise buna paralel olarak KOBİ TFRS'ler yayınlanmıştır. KOBİ'ler için UFRS (a) kamuya hesap verme yükümlülüğü bulunmayan ve (b) dış kullanıcılar için genel amaçlı finansal tablo yayımlayan işletmelerin finansal raporlama ihtiyaçlarını karşılamak için tasarlanmıştır. Bu çerçevede, KOBİ'ler için UFRS dünya çapında kullanılabilen küçük ve orta büyüklükteki işletmeler için bir muhasebe standardı ifade etmektedir. Bu nedenle çalışma, dünya çapında KOBİ'ler için UFRS'nin benimsenmesini ve uygulanmasını değerlendirmeyi amaçlamaktadır.

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Comparison of Approaches to Financial Reporting of Non-current Assets According to the IFRS for SMEs and IAS/IFRS

Cited by 4 publications

References 4 publications

International Financial Reporting Standards Convergence Process for Small and Medium-Sized Entities

International Financial Reporting Standards Convergence Process for Small and Medium-Sized Entities

Az IFRS-ek szerinti követő értékelési modellek a bux index vállalatai körében

Uluslararası Finansal Raporlama Standartlarının KOBİ’ler Açısından Değerlendirilmesi – Türkiye Uygulaması

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