THE IMPLEMENTATION OF IFRS FOR SMES IN AFRICA Cover Image

IMPLEMENTACE IFRS PRO SME V AFRICE
THE IMPLEMENTATION OF IFRS FOR SMES IN AFRICA

Author(s): Lucie Bartůňková
Subject(s): Business Economy / Management, Financial Markets
Published by: Masarykova univerzita
Keywords: International Financial Reporting Standards; small and medium-sized enterprises;
Summary/Abstract: The most of companies in the world are small and medium-sized enterprises (SMEs). The obligation of these enterprises is to compile financial accounts in compliance with accountant rules valid in the country of their registered place. Financial statements created this way might their users from another countries understand incorrectly. This could be the obstacle in their cross-border activities. In July 2009 published International Accounting Standards Board theInternational Financial Reporting Standards for Small and Medium-sized Enterprises (IFRS for SME).