Abstract
This paper examines the roles of International Accounting Standard Board (IASB) in introducing a special accounting standard for small and medium-sized enterprise (SMEs) for all around the world. We analyze from previous and latest study about the usefulness of having Exposure Draft (ED) of the IFRS for Small and Medium-sized Entities (SMEs) before implementing a special accounting standard for SMEs. We find that, IASB having difficulties in measuring finance information of SMEs each country since each country need to develop its own accounting standard for SMEs due to economic. However, the limitation in develop accounting standard for SMEs can be solved by having the Exposure Draft. This paper discuss the suggestion to improve the Exposure Draft and the advantages and disadvantage of implementing global accounting standards for SMEs.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Academic Research in Business and Social Sciences
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
