Working Papers in Accounting Valuation Auditing No. 2009-2
The paper analyzes whether the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs), published July 9, 2009, could be an interesting option for the consolidated financial statements of small and medium-sized entities (SMEs) in Germany. Background is the intention of the IASB to give SMEs an attractive alternative in accounting according to international standards. For this reason the analysis includes a comparison of the sections of the IFRS for SMEs concerning consolidated financial statement accounting with Full-IFRS and the modernized German GAAP.
Full-IFRS IFRS for SMEs Konzernrechnungslegung Kleine und Mittlere Unternehmen (KMUs) nicht-kapitalmarktorientierte Unternehmen Small and Medium-sized Entities