IFRS for SMEs definition

IFRS for SMEs means the International Financial Reporting Standards for Small and Medium Enterprises, as issued from time to time by the International Accounting Standards Board or its successor body. Regulation 27(4)(5)
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IFRS for SMEs means the International Financial Reporting Standards for Small and Medium Enterprises, as adopted from time to time by the Board of the International Accounting Standards Committee, or its successor body, and approved for use in South Africa from time to time by the Financial Reporting Standards Council established in terms of section 203;
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IFRS for SMEs means the International Financial Reporting Standards for Small and Medium Enterprises, as adopted by the board of the International Accounting Standards Committee, or its successor body, and approved for use in South Africa by the Financial Reporting Standards Council established in terms of section 203 of the Act;
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Examples of IFRS for SMEs in a sentence

  • Under the new drafted law called “Law on Accounting and Auditing” the NAC will play a role as not only standard setter but also monitoring institution on the implementation of the set IFRS and IFRS for SMEs. The accounting records, i.e. financial statements, the corresponding ledgers (include a general journal, accounting ledger and inventory book) and documentary evidence, shall be prepared in the Khmer language and expressed in ▇▇▇▇▇.

  • Cambodia has adopted full IFRS and IFRS for SMEs for companies in Cambodia since 08 January 2009.

  • The Base Case Model has been prepared on the basis of, amongst other things, historical financial statements which were prepared in accordance with IFRS for SMEs and as applied to the Original Financial Statements, and the financial projections contained in the Base Case Model have been prepared on the basis of recent historical information, are fair and based on reasonable assumptions and have been approved by the board of directors of the Borrower.

  • Only 38% of respondents to the survey were aware of IFRS for SMEs, reflecting the limited level of awareness amongst enterprises and their advisers.

  • The proposals may also need to take account of the International Financial Reporting Standard for Small and medium Sized Entities (IFRS for SMEs).

  • The institutions will support professional accountancy organizations and others in their efforts to deliver continuing professional development for the application of IFRS Standards, including the IFRS for SMEs Standard.

  • To the extent permitted by the Interest Law applicable to this loan transaction, all sums paid or agreed to be paid to Agency for the use, forbearance or detention of the indebtedness evidenced hereby shall be amortized, prorated, allocated and spread throughout the full term of this Note.

  • Both institutions will continue to support, as appropriate, the dissemination of IFRS Standards, the IFRS for SMEs Standard, and relevant training materials in accordance with the intellectual property rights of both organizations, including translations as applicable.

  • Enterprises were then asked questions on the additional annual or set up time to implement IFRS for SMEs, and also on any time saved.

  • Annual savings effect (euro, millions) Effect Total Total (high) Total (low) Large Medium Small Micro IFRS for SMEs Cost 6 24 130 684 844 681 In addition, there are one off set up costs, arising from the need to change systems or make other changes to implement the new disclosure requirements.