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International Financial Reporting Standards for Small and Medium-Sized Entities (IFRS for SMEs) is appropriate for general purpose financial statements and other financial reporting of all profit-oriented entities.  The standard is meant to provide simplifications to the requirements in full IFRSs that reflect the needs of users of SMEs’ financial statements and cost-benefit considerations.  

This course focuses on the primary differences between full IFRS and IFRS for SMEs.

Learning Objectives

  • Explore which entities may appropriately apply International Financial Reporting Standards for Small and Medium-Sized Entities (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
Last updated/reviewed: November 20, 2019

2 Reviews (11 ratings)Reviews

4
Member's Profile
Very informative. Concepts well presented in a clear an simple manner.
3
Anonymous Author
This was a good overview of the differences between IFRS and IFRS SME.

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  8:52Introduction to IFRS for Small and Medium-Sized Entities Compared to Full IFRS
  11:51Pervasive Concepts
  12:42Basic Financial Instruments
  8:20Business Combinations
  2:18Investments in Other Entities
  3:22Non-Financial Assets, Including Intagible Assets
  3:23Employee Benefit Plans & Income Taxes
  4:34Revenue and Expense Matters
CONTINUOUS PLAY
  55:20IFRS for Small and Medium-Sized Entities Compared to Full IFRS
Supporting Materials
  PDFSlides: IFRS for Small and Medium-Sized Entities Compared to Full IFRS
  PDFIFRS for Small and Medium-Sized Entities Compared to Full IFRS Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM