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IFRS for SMEs modules
18 December 2018
The IFRS Foundation is developing stand-alone modules, one for each section of the 2015 version of the IFRS for SMEs standard.
These modules are designed to provide support to anyone learning about, applying, or reading financial statements prepared using, the IFRS for SMEs standard.
Each module includes the following:
*Requirements – the full text of the section of the IFRS for SMEs standard reproduced with added notes and examples. The notes and examples are designed to explain and illustrated the requirements.
*Significant estimates and other judgments – a discussion of the significant estimates and other judgments likely to be made in accounting for transactions and events when applying the section of the IFRS for SMEs.
*Comparison with full IFRS standards – a summary of the main differences between the section of the IFRS for SMEs standard and the corresponding standard from full IFRS standards.
*Test your knowledge – MCQs, with answers, designed to test knowledge of the requirement of the IFRS for SMEs standard.
*Apply your knowledge – case studies, with solutions, designed to develop the skills needed to account for transactions and events in accordance with the IFRS for SME standard.
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