IFRS SMES vs IFRS

Overview

Both IFRS and IFRS for SMEs are self-contained standards designed to meet the needs of specific financial statement users. This course is designed to explain the differences between the two standards, including disclosure requirements and recognition and measurement principles.

Highlights

• Overview of IFRS for SMEs
• General pervasive similar concepts
• Differences with financial instruments
• Differences with business combinations
• Differences in investments in other entities
• Differences in intangible assets
• Differences in income taxes
• Differences in employee benefits
• Differences in revenue and expenses 

Prerequisites

None

Designed For

Anyone responsible for preparing or reviewing financial statements under IFRS

Objectives

• Explore which entities may appropriately apply IFRS for SMEs
• Discover the primary differences of IFRS for SMEs compared to full IFRS
• Recognize important principles that are reinforced in both IFRS for SMEs and full IFRS

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.