more
Jennifer Louis, CPA, President of Emergent Solutions Group LLC
Jennifer has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and soft skills topics needed for professional and organization.
This instructor has 82 courses »To Access This Course:
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: May 14, 2022
Included In Certifications
This course is included in the following Certification Programs:
17 CoursesIFRS Certificate Program
- General Considerations for Preparing Financial Statements in Accordance with IFRS
- IFRS vs. U.S. GAAP - Major Differences in Accounting
- 2022 IFRS Update
- IFRS for Small and Medium-Sized Entities Compared to Full IFRS
- Accounting for Revenue from Contracts with Customers per IFRS 15
- Accounting for Leases under IFRS 16
- IFRS - Accounting for Share-Based Payment Awards per IFRS 2
- Accounting for Financial Instruments under IFRS 9
- Accounting for Nonfinancial Assets under IFRS
- Accounting for Business Combinations under IFRS 3
- IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
- Accounting for Investments in Other Entities, Including Consolidation, under IFRS
- IFRS - Accounting for Income Taxes per IAS 12
- IFRS - Derivatives and Hedge Accounting under IFRS 9
- IFRS - Special Accounting Topics
- IFRS - Special Financial Reporting Issues
- IFRS - General Financial Statement Disclosures
5 Reviews (22 ratings)Reviews
Anonymous
(Finance Consultant)
The material does a nice job of differentiating when IFRS for SMEs can be applied and how applying such differs in treatment compared to IFRS. Thanks
Anonymous
(Accountant)
Great course. Professor is very effective in explaining the concepts in this course would recommend to all.
Anonymous
(Senior Accountant, Payroll)
Instructor's voice is easy to listen to. Material is aligned with expectations.
Donald Petter
( at SELF)
Very informative. Concepts well presented in a clear an simple manner.
Anonymous
(Technical Accounting Manager)
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 .