ACTUAL ASPECTS REGARDIND THE IFRS FOR SME – OPINIONS, DEBATES AND FUTURE DEVELOPMENTS
Journal Title: Annales Universitatis Apulensis series Oeconomica - Year 2009, Vol 11, Issue 1
Abstract
Globalization (primarily the economic one) is today an incontestable reality that has an important influence on the human condition, socioeconomic and cultural situation of the collectivities. The SMEs have an important position in the world wide economy. The accounting information provided by them must have the same role. We must decide: who are the users of this information, the comparability is compulsory at this level, the harmonization is required? Asking this question we must try to give an answer without ignoring the opinion of those who act in “in this show”. At European level, the legitimacy to develop standards specific to SME is contested. However, this global accounting standard may represents a very significant step on the path to global convergence of financial reporting practices by SMEs. It will contribute to enhancing the quality and comparability of SME financial statements around the world and assist SMEs in gaining access to finance. We consider that IFRS for SMEs may still be considered too complex for micro-entities; however many of the requirements will not be applicable for entities with a more simple business model. The extent to which IFRS for SMEs can be used for tax purposes remains an issue that requires further study.
Authors and Affiliations
Ramona Neag, Ema Maşca, Irina Păşcan
Keywords
Related Articles
- EP ID EP118928
- DOI -
- Views 105
- Downloads 0
HOW TO DEAL WITH CORPORATE SOCIAL RESPONSIBILITY IN FINANCIAL CRISIS
The aim of the paper is to examine the effects of periods of financial crisis on Corporate Social Responsibility (CSR) practices. This paper represents a theoretical research related to the latest developments in t...
THE ROLE OF COST INFORMATION IN DECISION-MAKING. CASE STUDY
The purpose of this paper is to understand how information derived from management accounting has an impact on development and foundation of new decisions and therefore to better understand the relationship between manag...
IMPROVING HUMAN RESOURCES REPORTING IN NON FOR PROFIT ORGANIZATIONS
The paper aims to expose the present reality concerning the information offered by accounting regarding the human resources in a non for profit organization and to propose ways of improving it. To this end we display t...
REGIONAL DISPARITIES OF AGRICULTURAL PERFORMANCE IN ROMANIA
The accession to the European Union has opened new challenges for Romanian agriculture, which must implement the principles of the Common Agricultural Policy. These principles aim at achieving high performance agricult...
THE AUDIT MISSION IN THE BASE OF THE ISRS - STEPS TO STRENGTHEN INDIVIDUAL FINANCIAL STATEMENTS OF THE CONTRACTING COMPANY
In granting a credit the bank must be informed correctly about the client's financial situation and the possibility of the existence of specific links between contractors and associated companies of the group, thus len...