What influences the implementation of IFRS for SMEs? The Brazilian case

Gonçalves, Flauzeliton José Aparecido; Moura, André Aroldo Freitas De; Motoki, Fábio Yoshio Suguri

doi:10.1111/acfi.12917

Cited by 9 publications

(11 citation statements)

References 47 publications

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“…Kaya and Koch (2015) suggested that developing economies, by deciding to adopt IFRS for SMEs, send a credible signal to lending institutions and international investors that they are willing to introduce an internationally acceptable set of high-quality financial statements. Despite little evidence of the benefits of implementing IFRS for SMEs and the fact that it could have significantly different implications in less developed economies, firms in these countries were mandated to implement it (Gonçalves et al, 2022).…”

Section: Ifrs For Smes In Generalmentioning

confidence: 99%

“…The result of the Albu et al (2013) study showed that users of SMEs' financial statements in four developing countries, including Turkey, prefer a mandatory approach to the convergence approach in the implementation of IRES for SMEs. Indeed, as Gonçalves et al (2022) and De Moura et al ( 2020) stated, the incentive for SMEs to implement IFRS is less than that for listed companies; the reason refers to the fund resource, nature of oversight, and users.…”

Section: Benefit Of Ifrs For Smesmentioning

confidence: 99%

“…To the best of my knowledge, only one study (Suwaidan et al, 2018) has taken place in Jordan and revealed Jordanian auditors' opinions of the about the advantages of applying IFRS for SMEs. For that reason, this study makes the following contributions and adds value: First, it will provide evidence about how managers in Jordan perceive the costs, benefits, and opportunities of implementing IFRS for SMEs in JSMEs as an emergent country; indeed, managers have better judgments and ability to expect and estimate benefits, costs, needs, and readiness for their entities in economic essence than auditors and analysts (Gonçalves et al, 2022). Second, the study will provide policymakers and professionals with information on what obstacles may face SMEs implementation.…”

Section: Introductionmentioning

confidence: 99%

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The Perceived Value of Implementing IFRS for SMEs: An Exploratory Study from the Point of View of Managers in Jordan

Alduneinat

2024

BMH

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The purpose of this exploratory study is to add to the literature on the perceived value of applying IFRS for SMEs standard from the perspective of managers in Jordan’s small and medium-sized enterprises (JSMEs). Based on previous literature and the Value-Based Model Theory, which incorporates the cost-benefit analysis principle, a questionnaire was developed, and 137 valid ones were used to test data regarding the perceived value of appropriateness, possibility, cost, and benefits of implementing IFRS for SMEs standard.The study’s major conclusion found a moderate level of positive consensus about implementation perception; the results also suggested that benefits marginally outweighed implementation costs.The study’s goal is to raise policymakers’ and regulatory experts’ attention to the potential benefits, costs, and obstacles of implementing the standard.this study contributes to international accounting harmonization efforts by demonstrating how Jordanian managers assess the costs, benefits, and opportunities of IFRS for SMEs in JSMEs implementation. This study recommended the following: Expedite the application, conduct thorough IFRS for SMEs awareness and training programs at different levels, and provide financial data for these SMEs in the public interest.Future studies should test new firm variables after the application of this standard and, the reasonable costs and benefits are known.

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Section: Ifrs For Smes In Generalmentioning

confidence: 99%

Section: Benefit Of Ifrs For Smesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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The Perceived Value of Implementing IFRS for SMEs: An Exploratory Study from the Point of View of Managers in Jordan

Alduneinat

2024

BMH

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“…The IFRS for SMEs is a simplified standard and is presumed to be easy to implement among accounting professionals. However, a study carried by Gonçalves, et al (2022), show that there are a lot of inconsistencies in application of the standard as a result of incomprehensibility issues in interpreting requirements of the standard, this calls for the IASB and regulators to come up with ways to make the standard more understandable. Norway is a case for a failed attempt to IFRS for SMEs adoption emanating from jurisdictional tensions and variations of local regulations and IFRS for SMEs requirements (Alon , et al, 2022).…”

Section: : Challenges Encountered In Different Regions During Adoptio...mentioning

confidence: 99%

Exploring regional variations in the adoption of International Financial Reporting Standard for Small and Medium Sized Entities: A structured review

Chingwaro

2023

IJRP

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This study seeks to shed light on regional variations in the adoption of the IFRS for SMEs, and provide insights into the factors that influence these regional variations. The study adopted a structured literature review approach to seek answers to the following research objectives: to explore adoption approaches of IFRS for SMEs in the different regions across the globe; to explore factors contributing to regional variations in the levels of IFRS for SMEs adoption across the globe; to identify challenges encountered in different regions during adoption of IFRS for SMEs; investigate benefits associated with adopting IFRS for SMEs in different regions across the globe.The review covers the period since the IFRS for SMEs was issued in 2009 until 2023, the results show that only 85 countries are required or permitted to use the IFRS for SMEs and the adoption approach mainly used is through coercive and normative isomorphism, whereby emerging economies adopted the IFRS for SMEs more than developed economies. Major obstacles to adoption include, lack of technical skills among SME accountants, low levels of knowledge and high implementation costs. This study is significant to various stakeholders including regulators, standard setters, IFRS for SMEs users and the academic community as it provides insights into why some jurisdictions adopted the IFRS for SMEs and others seem not interested.

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“…SMEs and sizable corporations have different motivations for implementing standards. Larger corporations focus primarily on attracting investment, and therefore they use IFRS standards as a way of demonstrating to investors the quality of their equity (Gonçalves et al, 2022). Therefore, the adoption of IFRS for SMEs is often driven by different factors for SMEs.…”

Section: Literature Reviewmentioning

confidence: 99%

Factors Affecting the Adoption of the International Financial Reporting Standards for Small and Medium-Sized Enterprises

Yeap,

Mohamad Shabri

2023

IJBT

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International Financial Reporting Standards (IFRS) as a plethora of new accounting rules that are commonly used by public companies to provide efficient and accurate financial information in an organisation. However, the study revealed that Malaysian Small and Medium-Sized Enterprises (SMEs) face persistent challenges and apparent shortcomings in the adoption of IFRS. To solve the problems of the study, the goals were created to find out how external environmental factors impact SMEs in Perlis, Malaysia, when adopting IFRS. The research is conducted based on real-time data and the currently published papers, which are related to factors affecting the implementation of IFRS for SMEs in different countries. The research was evaluated using a quantitative method that could be easily collected and analysed from the population size data in Perlis, Malaysia. The research revealed that institutional pressure, economic development, and project governance all had a favourable relationship with the IFRS initiative, but cultural considerations had no discernible influence on SMEs' adoption of IFRS. This research provides an opportunity for the important contributors in SMEs to quickly address both internal and external factors and the future success of adopting IFRS. It is important to emphasise that the results of the study can help SMEs overcome obstacles and take advantage of the benefits associated with the adoption of IFRS by providing valuable insights and actionable recommendations. As a result, SMEs can improve their financial reporting processes, transparency, and compliance, which in turn can improve their competitiveness and credibility in the international marketplace.

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What influences the implementation of IFRS for SMEs? The Brazilian case

Cited by 9 publications

References 47 publications

The Perceived Value of Implementing IFRS for SMEs: An Exploratory Study from the Point of View of Managers in Jordan

The Perceived Value of Implementing IFRS for SMEs: An Exploratory Study from the Point of View of Managers in Jordan

Exploring regional variations in the adoption of International Financial Reporting Standard for Small and Medium Sized Entities: A structured review

Factors Affecting the Adoption of the International Financial Reporting Standards for Small and Medium-Sized Enterprises

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