77. IFRS for SMEs Compared to Full IFRS FLA Buffalo Grove Breakfast Meeting April 17, 2010 Section in the IFRS for SMEs Full IFRS 11& Basic Financial Instruments and Other 12 Financial Instruments Issues IAS 32, Financial Instruments: Presentation IAS 39, Financial Instruments: Recognition and Measurement IFRS 7, Financial Instruments: Disclosures 13 Inventories IAS 2, Inventories 14 Investments in Associates IAS 28, Investments in Associates 15 Investments in Joint Ventures IAS 31, Investments in Joint Ventures 16 Investment Property IAS 40, Investment Property 17 Property, Plant and Equipment IAS 16, Property, Plant and Equipment 18 Intangible Assets Other than Goodwill IAS 38, Intangible Assets 19 Business Combinations and Goodwill IFRS 3, Business Combinations 20 Leases IAS 17, Leases 21 Provisions and Contingencies IAS 37, Provisions, Contingent Liabilities and Contingent Assets
78. IFRS for SMEs Compared to Full IFRS FLA Buffalo Grove Breakfast Meeting April 17, 2010 Section in the IFRS for SMEs Full IFRS 22 Liabilities and Equity IAS 1, IAS 32 23 Revenue IAS 11, Construction Contracts IAS 18, Revenue 24 Government Grants IAS 20, Accounting for Government Grants and Disclosure of Government Assistance 25 Borrowing Costs IAS 23, Borrowing Costs 26 Share-based Payment IFRS 2, Share-based Payment 27 Impairment of Assets IAS 2, IAS 36, Impairment of Assets 28 Employee Benefits IAS 19, Employee Benefits 29 Income Tax IAS 12, Income Taxes 30 Foreign Currency Translation IAS 21, The Effects of Changes in Foreign Exchange Rates 31 Hyperinflation IAS 29, Financial Reporting in Hyperinflationary Economies
79. IFRS for SMEs Compared to Full IFRS FLA Buffalo Grove Breakfast Meeting April 17, 2010 Section in the IFRS for SMEs Full IFRS 32 Events after the End of the Reporting Period IAS 10, Events after the Reporting Period 33 Related Party Disclosures IAS 24, Related Party Disclosures 34 Specialized Activities IAS 41, Agriculture IFRS 6, Exploration for and Evaluation of Mineral Resources 35 Transition to the IFRS for SMEs IFRS 1, First-time Adoption of International Financial Reporting Standards
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Hinweis der Redaktion
The development of this Standard, over a couple of years, has contained, then dropped, a description of “small and Medium” entities as those with annual revenues under $25 [or$50] Million, assets under $12.5 million, and fewer than 50 employees. 04/27/10
Under US GAAP the terms ‘Statement of Financial Position” and “Balance Sheet” are both acceptable. 04/27/10
![FASB and IASB Convergence and IFRS forSMEs Finance Leaders Association Breakfast Barrett Peterson, C.P.A. April 17, 2010 Manager, Accounting Standards, Procedures, and Analysis , TTX [email_address] www.linkedin.com/in/barrettpeterson](https://image.slidesharecdn.com/bppresentationfasbandiasbconvergenceandofrsforsmesfinanceleadersassociationapril17201020100403-100426212752-phpapp02/85/BP-presentation-FASB-and-IASB-convergence-and-IFRS-for-SMEs-finance-leaders-association-april-17-2010-1-320.jpg)
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