The IFRS for SMEs Accounting Standard
The IFRS for SMEs Accounting Standard includes an option for entities to apply the recognition and measurement requirements of IAS 39 Financial Instruments: Recognition and Measurement. Read about the IFRS for SMEs Accounting Standard and IAS 39.
IFRS for SMEs Accounting Standard modules
comparison with full IFRS Accounting Standards—a summary of the main differences between the section of the IFRS for SMEs Accounting Standard and the corresponding Standard from full IFRS Accounting Standards.
The IFRS for SMEs Standard
Our Standards are developed by our two standard-setting boards, the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB).
The IFRS for SMEs Accounting Standard and IAS 39
The IFRS for SMEs Accounting Standard includes an option for entities to apply the recognition and measurement requirements of IAS 39 Financial Instruments: Recognition and Measurement. If an entity chooses this option, the applicable version of IAS 39 is explained below:
September 2022 IFRS for SMEs Accounting Standard Update
This edition of the IFRS for SMEs Accounting Standard Update includes: an overview of the consultation on updating the IFRS for SMEs Accounting Standard; a summary of forthcoming events; and; an update on the SME Implementation Group (SMEIG).
In May 2015, the International Accounting Standards Board (Board) completed its first comprehensive review of the IFRS for SMEs Standard. After consulting widely and considering that the IFRS for SMEs Standard was still a relatively new
small and medium-sized entities (SMEs), private entities and non-publicly accountable entities. That Standard is the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). The IFRS for SMEs is based on full IFRS with modifications to reflect the needs of users of SMEs’ financial
September 2024 IFRS for SMEs Accounting Standard Update
The alignment approach requires the IASB to use the principles of relevance to SMEs, simplicity and faithful representation to determine whether and, if so, how to align the Standard with full IFRS Accounting Standards.
Supporting materials for the IFRS for SMEs Accounting Standard
The IFRS for SMEs Accounting Standard is a self-contained Standard (fewer than 250 pages) designed to meet the needs and capabilities of small and medium-sized entities (SMEs), which are estimated to account for more than 95 per cent of all companies around the world.
September 2023 IFRS for SMEs Accounting Standard Update
This edition of the IFRS for SMEs Accounting Standard Update includes: an overview of the forthcoming amendments to the IFRS for SMEs Accounting Standard (Standard)—International Tax Reform—Pillar Two Model Rules; the next steps in the second comprehensive review of …