Publication: Analysis of changes in International Financial Reporting Standard (IFRS) for small and medium-sized entities
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ASEM
Abstract
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LAPIȚKAIA, Liudmila. Analysis of changes in International Financial Reporting Standard (IFRS) for small and medium-sized entities. In: Competitiveness and Innovation in the Knowledge Economy [online]: 26th International Scientific Conference: Conference Proceeding, September 23-24, 2022. Chişinău: ASEM, 2022, pp. 280-287. ISBN 978-9975-3590-6-1 (PDF).
Since the publication of the IFRS for Small and Medium-sized enterprises in 2009, significant changes have taken place in the global economy, which contributed to the introduction of changes to this standard in 2015, 2018 and the International Accounting Standards Board opened consultations on the proposed modifications to IFRS for small and medium-sized enterprises. Proposals for the modification of this standard relate to 21 sections out of 35, which comprise IFRS for small and medium-sized enterprises. After analyzing the changes submitted by the International Accounting Standards Board to change this standard, the author suggests a number of modifications to improve this standard. These proposals relate primarily to the reflection of cryptocurrencies in accounting, since there is no official approach to solving this issue to date, the author, having analyzed world practice and theory on this issue, offers a number of solutions. CZU: 657.15:006.44; JEL: M 41; DOI: https://doi.org/10.53486/cike2022.34
Since the publication of the IFRS for Small and Medium-sized enterprises in 2009, significant changes have taken place in the global economy, which contributed to the introduction of changes to this standard in 2015, 2018 and the International Accounting Standards Board opened consultations on the proposed modifications to IFRS for small and medium-sized enterprises. Proposals for the modification of this standard relate to 21 sections out of 35, which comprise IFRS for small and medium-sized enterprises. After analyzing the changes submitted by the International Accounting Standards Board to change this standard, the author suggests a number of modifications to improve this standard. These proposals relate primarily to the reflection of cryptocurrencies in accounting, since there is no official approach to solving this issue to date, the author, having analyzed world practice and theory on this issue, offers a number of solutions. CZU: 657.15:006.44; JEL: M 41; DOI: https://doi.org/10.53486/cike2022.34
Keywords
International Financial Reporting Standards, IFRS, small and medium-sized entity, International Accounting Standards Board (IASB), cryptocurrencies