عرض العناصر حسب علامة : IFRS For SMEs
الأربعاء, 22 ديسمبر 2021 14:59
تحديث المعايير الدولية لإعداد التقارير المالية (IFRS) للشركات الصغيرة والمتوسطة لشهر ديسمبر 2021
تحديث المعايير الدولية لإعداد التقارير المالية للمنشآت الصغيرة والمتوسطة هو ملخص فريق العمل للأخبار والأحداث والمعلومات الأخرى حول معايير IFRS للشركات الصغيرة والمتوسطة وأنشطة الشركات الصغيرة والمتوسطة ذات الصلة. لم تتم مراجعة ملخص فريق العمل من قبل مجلس معايير المحاسبة الدولية (IASB).
معلومات إضافية
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المحتوى بالإنجليزية
December 2021 IFRS for SMEs Update
The IFRS for SMEs Update is a staff summary of news, events and other information about the IFRS for SMEs® Standard and related SME activities. The staff summary has not been reviewed by the International Accounting Standards Board (IASB).
This edition of the IFRS for SMEs Update includes:
an update on the planned 2022 meetings of the SME Implementation Group (SMEIG);
a reminder of online resources for SMEs; and
a note from Ayodele Ojo, a member of the SMEIG.
Further information about the IFRS for SMEs Standard
The IFRS for SMEs Standard online (available in multiple languages)
The IFRS for SMEs Standard in hard copy
Procedure for submitting implementation issues on the IFRS for SMEs Standard
SME Implementation Group
Supporting material
Past copies of the IFRS for SMEs Update
Update on the planned 2022 meetings of the SMEIG
The SMEIG is expected to meet:
in January 2022, to discuss some remaining topics in the scope of the second comprehensive review of the IFRS for SMEs Standard. The agenda papers will be available shortly on the SMEIG meeting page.
in the second half of 2022, to share preliminary feedback on the exposure draft of proposed amendments to the IFRS for SMEs Standard.
Reminder of online resources for SMEs
The IFRS Foundation provides educational materials to support the implementation and application of the IFRS for SMEs Standard. These materials are available on the Supporting materials for the IFRS for SMEs Standard page and include:
webcasts, podcasts and webinars; and
articles and other publications.
The IFRS Foundation has also made available a package of 35 supporting modules to help those who wish to learn more about the IFRS for SMEs Standard, particularly those who apply the Standard and users of financial statements that are prepared in accordance with the Standard.
Note from Ayodele Ojo, SMEIG member
Ayodele Ojo is a Finance Manager at Lotus Capital Limited, Nigeria.
Accounting Standards in Nigeria
The Financial Reporting Council (FRC) of Nigeria is statutorily responsible for, among other things, developing and publishing the accounting and financial reporting standards to be observed in the preparation of financial statements of public entities in Nigeria and for related matters.
On the Road map to the adoption of IFRS Standards, the FRC required all small and medium-sized entities in Nigeria to apply the IFRS for SMEs Standard when preparing their financial statements for the year ended 31 December 2014.
It is disappointing to note that despite the IFRS for SMEs Standard being simple, more relevant as well as less costly to apply, not many entities apply the IFRS for SMEs Standard in Nigeria in the preparation of their financial statements. The reason being attributed to the lack of awareness of the possible benefits of applying of the Standard.
The second comprehensive review of the IFRS for SMEs Standard
The IASB recently consulted on the approach to take in updating the IFRS for SMEs Standard to reflect developments in the requirements of full IFRS Standards.
In January 2020, the IASB published a Request for Information on the Second Comprehensive Review of the IFRS for SMEs Standard discussing the alignment approach, which is to continue to develop the IFRS for SMEs Standard based on the principles of IFRS Standards.
In addition to the usual means of providing feedback, such as comment letters and outreach meetings, the IASB gave the possibility to users of SMEs’ financial statements to provide feedback using an online survey (user survey) and additional interviews were carried out with users of SMEs’ financial statements. The Request for Information was open for comment for 270 days. During this period, the IASB received 54 completed user surveys from America, Asia-Oceania, Europe and Africa. Africa accounted for only 10% of the responses.
Feedback from users of SMEs financial statements on aligning the IFRS for SMEs Standard with full IFRS Standards
The feedback obtained on the alignment approach showed divergent views on whether the IFRS for SMEs Standard should be aligned with full IFRS Standards. Supporters of the alignment approach said alignment would ease an entity’s transition to full IFRS Standards when the entity is ready to apply full IFRS Standards. Respondents who disagreed with the alignment approach were concerned about introducing complexity to the Standard, which could place unnecessary pressure on SMEs’ resources.
Overall, the feedback showed that the majority of the stakeholders favoured continuing to align the IFRS for SMEs Standard with full IFRS Standards.
In February 2021 and September 2021, the SMEIG—which supports the global adoption of the IFRS for SMEs Standard and its maintenance—held virtual meetings to discuss the feedback on the Request for Information and make recommendations to the IASB for updating the IFRS for SMEs Standard.
In the light of the feedback and the recommendations from SMEIG members, the IASB agreed:
to continue to base the IFRS for SMEs Standard on full IFRS Standards;
to consider the costs and benefits of aligning the IFRS for SMEs Standard with a new IFRS Standard, amendment to an IFRS Standard or IFRIC Interpretation;
to develop any proposed amendments to the IFRS for SMEs Standard to reflect the principles and important definitions in a new requirement; and
to determine whether and how the IFRS for SMEs Standard should be aligned with full IFRS Standards using the principles of relevance to SMEs, simplicity and faithful representation, and including cost-benefit considerations when applying those principles.
IASB discussions so far
The IASB has started discussing specific sections of the IFRS for SMEs Standard that could be aligned with new requirements in IFRS Standards in the scope of the second comprehensive review, such as new requirements for financial instruments, revenue and leases.
The IASB’s tentative decisions so far have been reported in the monthly IASB Updates and are summarised in this document.
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محاسبة و مراجعة
موسومة تحت
الإثنين, 05 يوليو 2021 18:35
تحديث المعايير الدولية لإعداد التقارير المالية لشهر يونيو 2021 للمنشآت الصغيرة والمتوسطة
تحديث المعايير الدولية لإعداد التقارير المالية للمنشآت الصغيرة والمتوسطة هو ملخص فريق العمل للأخبار والأحداث والمعلومات الأخرى حول معايير IFRS للشركات الصغيرة والمتوسطة وأنشطة الشركات الصغيرة والمتوسطة ذات الصلة.
معلومات إضافية
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المحتوى بالإنجليزية
Note from Jenny Carter, SMEIG Member
Jenny Carter is Director, Accounting and Reporting Policy at the UK Financial Reporting Council (FRC).
The FRC sets the national accounting standards for entities that do not apply UK-adopted International Accounting Standards. Our main Standard is FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, which is based on the IFRS for SMEs Standard with some significant modifications. Part of my role in leading the FRC’s work on standards and related guidance in respect of corporate reporting is to ensure UK accounting standards are kept up to date. This is something I have worked on for a number of years, in different roles, and I was delighted to be appointed to the SMEIG to share my experience with the Board.
Although entities within the scope of the IFRS for SMEs Standard value stability in the Standard, it is necessary to carry out periodic reviews to ensure that the Standard remains up-to-date and addresses relevant new financial reporting issues and ideas. In February 2021 the SMEIG held a two-day virtual meeting to discuss the feedback on the Request for Information Second Comprehensive Review of the IFRS for SMEs Standard published in January 2020 and develop recommendations to enable the Board to decide on the project’s direction. The SMEIG is made up of nearly 30 members from around the world with a range of interests in reporting by entities within the scope of the IFRS for SMEs Standard. The meeting was great opportunity to share views and perspectives and hear about financial reporting issues in other jurisdictions.
One of the first things to discuss was the approach to alignment with IFRS Standards, as this is key in considering whether individual IFRS standards within the scope of the second comprehensive review should be reflected in the IFRS for SMEs Standard. Most SMEIG members agreed with the staff’s preliminary thoughts that the feedback provides evidence for the Board:
to continue to base the IFRS for SMEs Standard on full IFRS Standards;
to consider the costs and benefits of aligning the IFRS for SMEs Standard with a new IFRS Standard, amendment to an IFRS Standard and IFRIC Interpretation (new requirement);
to develop any proposed amendments to the IFRS for SMEs Standard to reflect principles and important definitions in a new requirement; and
to determine whether and how the IFRS for SMEs Standard should be aligned with full IFRS Standards using the principles of relevance to SMEs, simplicity and faithful representation and including cost–benefit considerations when applying those principles.
Having discussed the alignment approach and principles, a significant amount of time was then allocated to discussing many of the more significant changes to IFRS Standards that have been made in recent years, such as financial instruments, revenue and leasing, and after applying the principles, the extent to which they might be incorporated into the IFRS for SMEs Standard.
In March 2021, the recommendations of the SMEIG were discussed by the Board, which tentatively decided to move the project onto the standard-setting work plan and work towards publishing an Exposure Draft. I am looking forward to being able to discuss the project further at future meetings, as the project progresses.
Update on the second comprehensive review of the IFRS for SMEs Standard
At its May 2021 meeting, the Board discussed whether and how to propose amendments to Section 2 Concepts and Pervasive Principles and Section 11 Basic Financial Instruments of the IFRS for SMEs Standard.
Aligning Section 2 with the Conceptual Framework for Financial Reporting (2018 Conceptual Framework)
The Board tentatively decided to propose:
retaining Section 2 as part of the IFRS for SMEs Standard;
aligning Section 2 with the 2018 Conceptual Framework and emphasising that the requirements in the other sections of the IFRS for SMEs Standard take precedence over what Section 2 would otherwise require;
undertaking a review for potential inconsistencies between a revised Section 2 and other sections of the IFRS for SMEs Standard when the Board has completed its deliberations on proposed amendments to the IFRS for SMEs Standard; and
retaining the concept of ‘undue cost or effort’.
Aligning Section 11 with IFRS 9 Financial Instruments (classification and measurement of financial assets)
The Board tentatively decided to propose an amendment to the IFRS for SMEs Standard, subject to the wording of the amendment, to supplement the examples in Section 11 with a principle for classifying financial assets based on their contractual cash flow characteristics. The principle would not change the existing examples in Section 11 and would only apply when an SME holds a financial asset that is not included in the examples listed in Section 11.
Next steps
In the coming months, the Board will continue to discuss the specific sections of the IFRS for SMEs Standard that could be amended to reflect new requirements in full IFRS Standards that are not currently incorporated in the IFRS for SMEs Standard. Any amendments that the Board decides to propose will be included in an exposure draft which will be open for comment.
Update on the advice from the EEG
The staff provided a project update on the second comprehensive review of the IFRS for SMEs Standard at the May 2021 EEG meeting. The staff also asked for EEG members’ views on the four selected topics for which the IFRS for SMEs Standard could be aligned with full IFRS Standards, as discussed in the Request for Information.
The first topic sought views on not introducing the requirement in IFRS 10 Consolidated Financial Statements that investment entities measure investments in subsidiaries at fair value through profit or loss. EEG members expressed mixed views on this topic depending on their knowledge of the type of investments held by SMEs.
The second topic on which views were sought concerned the potential alignment of the IFRS for SMEs Standard with the simplified approach for the impairment of financial assets set out in IFRS 9. The EEG members who commented on this topic do not support such alignment. They said the simplified approach in IFRS 9 could be too complex and costly for SMEs.
The third topic was whether to retain the existing hedge accounting requirements in Section 12 Other Financial Instrument Issues or to align with IFRS 9. One EEG member expressed the view that Section 12 should not include hedge accounting requirements.
The final topic on which the views of the EEG members were sought was aligning the IFRS for SMEs Standard for issued financial guarantee contracts with IFRS 9. One EEG member disagreed with such an alignment; the member said that the requirements in Section 21 Provisions and Contingencies of the IFRS for SMEs Standard can be applied to such contracts.
Overview of feedback from recent outreach meetings with SME preparers
In March and April 2021, the staff conducted 18 virtual meetings with preparers who apply the IFRS for SMEs Standard (or a standard based on the IFRS for SMEs Standard). The preparers—drawn from eight jurisdictions—shared their views on the Board’s approach to developing the IFRS for SMEs Standard.
The purpose of the outreach meetings with SME preparers was to obtain additional feedback about:
their experience of applying the IFRS for SMEs Standard based on IFRS Standards; and
the information they are regularly asked to provide to lenders and other users of their financial statements to better understand users’ information needs.
The overriding messages from SME preparers are:
the IFRS for SMEs Standard should be kept simple;
preparers appreciate the substantially fewer disclosures that the IFRS for SMEs Standard requires compared to full IFRS Standards to reflect users’ information needs and cost-benefit considerations; and
preparers appreciate a stable platform for maintaining alignment with IFRS Standards as the IFRS for SMEs Standard is periodically amended compared to more frequent changes in IFRS Standards.
A summary of the feedback from the SME preparer can be accessed here.
Details of online resources for SMEs
The Board and the SMEIG provide educational materials to support the adoption and implementation of the IFRS for SMEs Standard. These materials are available on the Project page and include:
webcasts, podcasts and webinars; and
articles and other publications.
The IFRS Foundation has also made available a package of 35 supporting modules to help who wish to learn more about the IFRS for SMEs Standard, particularly those who apply the Standard and users of financial statements that are prepared in accordance with the Standard.
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موسومة تحت
الأربعاء, 28 سبتمبر 2022 12:32
تحديث مجلس معايير المحاسبة الدولية في فبراير 2021 متاح الآن وتحديث خطة العمل
تم نشر تحديث مجلس معايير المحاسبة الدولية في فبراير 2021
معلومات إضافية
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المحتوى بالإنجليزية
IASB Update February 2021
This IASB Update highlights preliminary decisions of the International Accounting Standards Board (Board). The Board's final decisions on IFRS® Standards, Amendments and IFRIC® Interpretations are formally balloted as set out in the Due Process Handbook of the IFRS Foundation and the IFRS Interpretation Committee.
The Board met remotely on 16–17 February 2021.
The topics, in order of discussion, were:
Financial Instruments with Characteristics of Equity (Agenda Paper 5)
Management Commentary (Agenda Paper 15)
Third Agenda Consultation (Agenda Paper 24)
Disclosure Initiative—Subsidiaries that are SMEs (Agenda Paper 31)
Second Comprehensive Review of the IFRS for SMEs Standard (oral update)
Extractive Activities (Agenda Paper 19)
Related Information
Forthcoming Board meetings:
22–26 March 2021
26–30 April 2021
24–28 May 2021
IASB Update archive
Podcast summaries
Project work plan
To receive future IASB updates, please follow the International Accounting Standards Board group page.
Financial Instruments with Characteristics of Equity (Agenda Paper 5)
The Board met on 16 February 2021 to discuss:
potential refinements to the disclosures an entity would be required to make about the financial instruments it issues; and
the classification of financial instruments with obligations that arise only on liquidation.
Disclosures: potential refinements (Agenda Papers 5A–5D)
The Board discussed potential refinements to disclosure proposals explored in its 2018 Discussion Paper Financial Instruments with Characteristics of Equity—namely, proposals for information about priority on liquidation, potential dilution, and terms and conditions.
The Board was not asked to make any decisions but directed the staff to further consider the objectives of the proposed disclosures and their scope.
Obligations that only arise on liquidation of the entity (Agenda Papers 5E–5F)
The Board discussed challenges in accounting for financial instruments with obligations that arise only on liquidation of an entity. The Board also discussed potential classification, presentation and disclosure requirements to address those challenges.
The Board tentatively decided not to change how such instruments should be classified; but instead to develop presentation and disclosure requirements in relation to them.
Twelve of 13 Board members agreed with this decision.
Next step
The Board will continue to discuss these topics at a future meeting.
Management Commentary (Agenda Paper 15)
The Board met on 16 February 2021 to discuss sweep issues identified in preparing for balloting the Exposure Draft of a revised IFRS Practice Statement 1 Management Commentary (Practice Statement).
Definition of material information (Agenda Paper 15B)
The Board tentatively decided that the Practice Statement should state that information is material if omitting it from management commentary, or misstating or obscuring it within management commentary, could reasonably be expected to influence decisions that investors and creditors make on the basis of that management commentary and the related financial statements. Seven of 12 Board members present agreed with this decision. One member was absent.
The Board also discussed guidance clarifying the circumstances in which information provided in financial statements would also be provided in management commentary. The Board was not asked to make any decisions.
Clarifications and refinements (Agenda Papers 15A, 15C and 15D)
The Board discussed how to:
clarify the status of the Practice Statement;
clarify the proposed requirements and guidance related to key matters; and
improve the appendix in the Exposure Draft intended to help preparers report on matters that could affect the entity’s long-term prospects, on intangible resources and relationships, and on environmental and social matters.
The Board was not asked to make any decisions.
Next step
The Board aims to publish the Exposure Draft in April 2021.
Third Agenda Consultation (Agenda Paper 24)
The Board met on 17 February 2021 to review the due process steps taken in developing the draft request for information.
All 13 Board members confirmed they were satisfied the Board has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to publish the request for information.
The Board:
tentatively decided to allow 120 days for comment on the request for information. Twelve of 13 Board members agreed with this decision.
decided to publish the request for information for public comment. All 13 Board members agreed with this decision.
Next step
The Board expects to publish the request for information in March 2021.
Disclosure Initiative—Subsidiaries that are SMEs (Agenda Paper 31)
The Board met on 17 February 2021 to discuss due process steps—including permission to begin the balloting process—for the exposure draft being developed for the project.
All 13 Board members confirmed they were satisfied the Board has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to begin the process for balloting the exposure draft.
One Board member indicated an intention to dissent from the proposals in the exposure draft.
Given that the exposure draft proposes a reduction in the disclosures that entities within its scope would otherwise be required to make applying IFRS Standards, in setting the comment period the Board noted:
in addition to the time needed to analyse the suggested disclosure requirements, both preparers and users of financial statements will need sufficient time to understand what information an entity would not be required to disclose under the proposals; and
a longer comment period would allow respondents to assess more thoroughly the appropriateness of the suggested disclosure requirements when the recognition and measurement requirements differ between IFRS Standards and the IFRS for SMEs Standard.
In the light of these considerations, the Board decided to allow 180 days for comment on the exposure draft. Seven Board members agreed with this decision.
Next step
The staff will prepare the exposure draft for balloting.
Second Comprehensive Review of the IFRS for SMEs Standard (oral update)
The Board met on 17 February 2021 to receive an update on the SME Implementation Group’s meeting that took place on 4–5 February 2021. More information can be found on the SME Implementation Group’s meeting page.
The Board was not asked to make any decisions.
Next step
At a future meeting the Board will consider a project plan for the next stage of its second comprehensive review of the IFRS for SMEs Standard.
Extractive Activities (Agenda Paper 19)
The Board met on 17 February 2021 to discuss extractive activities in the minerals and oil and gas industries, the common accounting challenges relating to those extractive activities and the reasons for those challenges. This discussion will help the Board to decide, at a future meeting, whether to replace or amend IFRS 6 Exploration for and Evaluation of Mineral Resources.
Education session (Agenda Paper 19A)
The Board considered a summary of:
the life cycles of a minerals property and an oil and gas property;
the activities performed in each phase of those life cycles;
some of the financial reporting challenges associated with each phase; and
the reasons for those financial reporting challenges.
The Board was not asked to make any decisions.
Next step
The Board will begin its discussion on the scope of the project - البلد الأردن
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موسومة تحت
الثلاثاء, 27 سبتمبر 2022 14:18
تحديث المعايير الدولية لإعداد التقارير المالية (IFRS) للشركات الصغيرة والمتوسطة لشهر سبتمبر 2020
تحديث المعايير الدولية لإعداد التقارير المالية للمنشآت الصغيرة والمتوسطة هو ملخص فريق العمل للأخبار والأحداث والمعلومات الأخرى حول المعايير الدولية لإعداد التقارير المالية للمؤسسات الصغيرة والمتوسطة
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محاسبة و مراجعة
الثلاثاء, 15 سبتمبر 2020 13:18
وثيقة إعتماد معايير المحاسبة الدولية للتطبيق في السعودية
وثيقة إعتماد معايير المحاسبة الدولية للتطبيق في السعودية
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معايير محاسبة
الثلاثاء, 27 سبتمبر 2022 12:43
مراجعة المعايير الدولية لإعداد التقارير المالية للمنشآت الصغيرة والمتوسطة
عضو مجلس معايير المحاسبة الدولية يناقش المراجعة الشاملة الثانية للمعايير الدولية لإعداد التقارير المالية للمنشآت الصغيرة والمتوسطة
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محاسبة و مراجعة
الثلاثاء, 27 سبتمبر 2022 12:13
المراجعة الشاملة للمعايير الدولية لإعداد التقارير المالية للشركات الصغيرة والمتوسطة
طلب معلومات: مراجعة شاملة للمعايير الدولية لإعداد التقارير المالية للشركات الصغيرة والمتوسطة
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محاسبة و مراجعة
الأربعاء, 21 سبتمبر 2022 08:26
تعيين أعضاء جدد في مجموعة تنفيذ المشاريع الصغيرة والمتوسطة (SMEIG)
تعيّن مؤسسة المعايير الدولية لإعداد التقارير المالية (IFRS) أعضاءً جددًا في مجموعة تنفيذ المشاريع الصغيرة والمتوسطة
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موسومة تحت
الإثنين, 06 يوليو 2020 12:21
تحديث المعايير الدولية لإعداد التقارير المالية للشركات الصغيرة والمتوسطة لشهر يونيو 2020 متاح الآن
تحديث المعايير الدولية لإعداد التقارير المالية لشهر يونيو 2020 للشركات الصغيرة والمتوسطة متاح الآن. ويتضمن تحديثات على المراجعة الشاملة الثانية ل IFRSforSMEs وعلى SMEIG
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محاسبة و مراجعة
الثلاثاء, 03 يناير 2023 09:47
النسخة العربية للمعيار الدولي للتقرير الماليFor SMEs IFRS للمنشآت الصغيرة و متوسطة الحجم
النسخة العربية للمعيار الدولي للتقرير الماليFor SMEs IFRS للمنشآت الصغيرة و متوسطة الحجم
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