Download or read book IFRS for SMEs in the European Union EU written by David Grünbaum and published by GRIN Verlag. This book was released on 2014-05-19 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2013 in the subject Business economics - Accounting and Taxes, grade: 1,3, European University Viadrina Frankfurt (Oder), course: Accounting in Europe, language: English, abstract: Analysis of the prospects of the implementatition of a generally accepted financial reporting standard (IFRS for SMEs) in the European Union.
Download or read book New Models of Financing and Financial Reporting for European SMEs written by Eva Kaili and published by Springer. This book was released on 2019-02-28 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the 23 million registered Small and Medium Enterprises (SMEs) that make up 98 per cent of the EU economy. Addressing the high end of SMEs in terms of new models for SME funding and financial reporting, this merged way of looking at SMEs reveals a ‘myopic’ thinking in terms of net present value and (future) cash flows generating short-termism and low risk appetite for business. This is not an accounting issue, but rather a preference toward certain financial tools. A segment of SMEs, the ones that seek new ways of funding possibilities, as well as modern technologies (MTFs listing, blockchain, ICOs, etc.) do require, even without knowing, IFRS for SMEs. This book reveals how market conditions impact the financial performance and sustainability of SMEs and also generate innovative policy interventions and financing strategies for SME integrity and efficiency. The authors frame their arguments in the context of the Capital Markets Union, looking at the Innovation Triangle, SME growth ecosystem and business models. They conclude by advocating for closing the circle of financing and financial reporting for SMEs, while considering if new financial models of financing and financial reporting are good for all the SMEs or only for some. The economy is being shaped by new models of financing and financial reporting. Read this practitioners’ view to understand the current changes and challenges.
Download or read book The Recent Global Evolution of SME Accounting An Analysis of the Role of EFRAG in the Perspective of the European Union written by Valerio Pieri and published by . This book was released on 2014 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, it was considered appropriate to use the occasion of the current phase of great changes in SME accounting in Europe to analyse the EFRAG's main contributions to the evolution in progress. Following a mainly chronological order, the second section provides a brief summary of the key phases of the IASB's drafting, implementation and review processes for IFRS for SMEs, highlighting EFRAG's dual role of proactive contributor to the IASB and of technical adviser to the European Commission. The third section focuses on analysis of the role played by EFRAG during the EU accounting directives' review process. The final section offers some concluding remarks on the role of EFRAG and on the possible evolution of EU governance in the field of accounting and financial reporting.
Download or read book Finance for SMEs European Regulation and Capital Markets Union written by Patrizio Messina and published by Kluwer Law International B.V.. This book was released on 2019-06-19 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the European Commission’s announcement of the Capital Markets Union in 2016, a major step was at last taken to provide for the special needs of small and medium enterprises (SMEs). This book presents the first in-depth legal analysis of the challenges that SMEs have to face when managing their balance sheets and trying to attract investors, what alternative financing tools are most effective and how recent legislation reaches fair and convenient conditions for SMEs. The analysis focuses specifically on the Capital Markets Union structure and on other European initiatives that support and enhance SMEs’ raising money on capital markets in order to better diversify their investments and plan a growth and development strategy. An updated description of the European framework is provided, together with references to relevant national systems. Issues and topics covered include the following: need for long-lasting access to funds; securitization for SMEs; SME Z-score; crowdfunding; and peer-to-peer, minibond and accounts receivables financing. Case study analyses furnish a deep understanding of the financial structures and their main features. Appendices include English texts of the main European Union (EU) legal documents pertaining to SMEs. For SMEs discouraged by over-regulation designed for larger businesses, and who find themselves in difficulties when they have to face the required process, this book will prove to be of immeasurable practical value. This book represents one of the first publications on SMEs and finance and contains data and information resulting from a deep and well-focused research on the topic. The added value of this study will allow the academics to understand the main issues related to this topic and will provide for a steady basis for further research and analysis with regards to law and economics for SMEs. Furthermore, it will be also warmly welcomed by practitioners in the area of SME financing and will be useful to support them in the selection of the most appropriate tools for their clients. Banks and interested EU officials will also value its clear and straightforward approach to the subject.
Download or read book IFRS for Small and Medium Sized Enterprises written by Richard Wittsiepe and published by Springer Science & Business Media. This book was released on 2008-08-07 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Richard Wittsiepe analyses the relevant IFRS statements with a view to possibly integrating them into existing workflows in an annual audit. He weighs the key issues of conversion by comparing them with the 4th EU Directive for accounting within the EU. The aim is to visualise the workflows as the basis for creating support software which can make a key contribution to cost-effective conversion.
Download or read book The Macroeconomics Determinants on the Adoption of the IFRS for SMEs written by Claudio Pais and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Small and medium-sized entities (SMEs) represent more than 95% of companies worldwide and account for more than 65% of employment. As a move towards SME harmonization, in 2009 the International Accounting Standards Board (IASB) issued the International Financial Reporting Standards (IFRS) for SMEs. Due to the lack of studies on adoption of IFRS for SMEs, we analyze the relationship between macroeconomic factors and countries' decision to adopt IFRS for SMEs. Based on a sample of 84 adopters and non-adopters of IFRS for SMEs, both developed and developing countries, we find evidence that countries without a national set of financial accounting standards for SMEs, with experience of applying IFRS and a common law legal system are more likely to adopt IFRS for SMEs. These results may be due to low transaction costs, the importance of having some knowledge of IFRS reporting given its complexity and belonging to IFRS based countries facilitating adoption of IFRS for SMEs. Additionally, we find that European Union (EU) member countries are less likely to adopt the standard. Knowledge of macroeconomic factors affecting the decision to adopt IFRS for SMEs is useful for the various entities that define international accounting harmonization, such as the IASB, regulators and international accounting firms,since this information can help them to promote worldwide adoption of the standard.
Download or read book International harmonization of accounting written by Christian Höchemer and published by GRIN Verlag. This book was released on 2011-12-07 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2010 in the subject Business economics - Accounting and Taxes, grade: 1,0, University of Applied Sciences Regensburg (Betriebswirtschaft), course: Internationale Rechnungslegung (International Accounting), language: English, abstract: Globalization continues, even in international reporting. There are many efforts for an international harmonization of financial reporting, even at capital markets of the United States of America. The globalization requires transparent accounting and reporting standards for an efficient market transfer of goods and services. And there has been still reached nearly a harmonization of consolidated financial statements of capital market oriented companies through IFRS. But does also German small and mediumsize enterprises (SMEs) require the same harmonization for its daily business or does there are more drawbacks as advantages for them?
Download or read book How is the IFRS for SME Accepted in the European Context An Analysis of the Homogeneity Among European Countries Users and Preparers in the European Commission Questionnaire written by Alberto Quagli and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we analyze the answers to the “Questionnaire on the public consultation of the IFRS for SMEs”, promoted by the European Commission in order to evaluate the homogeneity among respondents, according to the different perspectives of analysis between both users, preparers and also in European Countries. Results show a substantial diversity among respondents. In particular, preparers demonstrate a strong opposition to the IFRS for SMEs, while users are more favourable. Concerning Country classification, German-speaking Countries and Latin Countries show much less appreciation for that standard with respect to Anglo - Nordic Countries. Relevant consequences for European public policy issues and for accounting studies on differential reporting arise from this result, concerning respectively the role of European accounting system and the acceptance of “user primacy” principle.
Download or read book The Introduction of International Financial Reporting Standards in the European Union written by Begoña Giner and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction of International Financial Reporting Standards (IFRS) in the EU is obviously an unusually important event for accounting, accountants and accounting researchers, and naturally European Accounting Review has been very keen in devoting this special issue to the topic. It will be a fascinating subject and opportunity for research in the years to come. In some ways it has been difficult for those involved in the various projects included in this issue as we are attempting to analyse something that is yet to happen. Not surprisingly the papers incorporate rather less empirical evidence than would normally be the case. However this has lead to diversity in research approaches, which we find interesting.Three papers, from the eighteen submitted, survived the review process. Van Tendeloo and Vanstraelen (2005) use the early adoption of IFRS by many German companies to investigate the impact of IFRS on earnings management. Brown and Tarca (2005) employ interviews to analyse different approaches being adopted in four EU countries to deal with enforcement of IFRS. Pirinen (2005) conducts a historical analysis to review the forces that have impacted on the move towards IFRS in Finland. In addition to these we invited papers from Katherine Schipper and Geoffrey Whittington. Whilst they are both experienced academics, and their contributions reflect their own views not those of their organisations, their positions working within the FASB and the IASB respectively allows them particularly useful insights into the process. Whittington (2005) gives an overview about the activities of the IASB, focusing on the past and present, while Schipper (2005) looks more into the future and analyses the implications of the adoption of IFRS in the EU for international convergence (in other words with US GAAP).We will take this opportunity to pick up on three themes that seem to be particularly important. The first refers to convergence, something that is crucial in the analysis by both Schipper (2005) and Whittington (2005). The second concerns enforcement, which is relevant to at least four out of the five papers we include. And the third point we would like to address is the research opportunities and difficulties presented by the move to IFRS in the EU.
Download or read book Financial Reporting for Sustainable Development written by Vera Palea and published by . This book was released on 2019 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: By adopting a political economy perspective to accounting, this paper provides an overall post-implementation assessment of International Financial Reporting Standards (IFRS) adoption relative to the European Union's (EU's) fundamental goal of sustainable development. The paper questions the consistency of the International Accounting Standards Board's business view with the EU's and provides some critical insights into the potential long-run effects of IFRS on the European economy and society. Therefore, it raises several doubts about unquestioned accounting standardization at a global level and makes some suggestions for future policymaking and research.
Download or read book International Corporate Reporting written by Pauline Weetman and published by Routledge. This book was released on 2020-02-19 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides a comprehensive overview of international corporate reporting which enhances students’ understanding of diversity and convergence in the field. The authors discuss the institutional and cultural context in which international corporate reporting has developed over the years as well as the global reach of IFRS Standards from the IASB throughout and beyond the European Union, into interest groups and emerging economies. Other key elements explored throughout the book include assurance through auditing and corporate governance, narrative reporting, strategic and corporate social responsibility, group accounting, current accounting issues and taxation in corporate reports. Indicative research examples show how the methods used in research papers may be understood and applied. Case studies outline short projects based on corporate cases, with related links to material on corporate websites. Helpful and reliable sources of information and data are identified through hyperlinks to accessible websites. End-of-chapter questions encourage discussion of the main issues. Throughout there is a focus on accountability and the information needs of stakeholders. This new edition of a classic text is fully revised and updated in order to remain essential reading for students of international accounting and corporate reporting globally. The book will be an invaluable resource for postgraduate taught programmes and final-year undergraduate courses in accounting, finance and business studies.
Download or read book The IFRS for SMEs Accounting Standard written by Françoise Flores and published by . This book was released on 2007 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Instruments for SMEs Co financed by the European Regional Development Fund written by European Court of Auditors and published by . This book was released on 2012 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Small and medium-sized enterprises are the backbone of the EU's economy, generating employment, innovation and wealth. The court audited the performance of the cohesion policy's financial instruments facilitating their access to finance. The court found that the effectiveness and efficiency of these instruments were hampered by important shortcomings, mainly due to the inappropriateness of the current structural funds regulations, insufficient quality of needs assessments and widespread delays in their implementation. Finally, the ability to leverage in private investments was poor as compared with other EU programmes for SMEs."--P. [4] of cover.
Download or read book Helping SMEs to Access Finance in the European Union written by EIB Group and published by . This book was released on 2006 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Executive Guide to IFRS written by Peter Walton and published by John Wiley & Sons. This book was released on 2011-08-02 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A comprehensive and invaluable guide to IFRS which users will find indispensable in correctly applying the complex and onerous requirements of IFRS and IAS." Steve Collings FMAAT FCCA, Leavitt Walmsley Associates and author of Interpretation and Application of International Standards on Auditing International Financial Reporting Standards have been mandatory in the EU since 2005 and are rapidly being adopted by countries throughout the world. In this environment it is increasingly important for managers, executives and CEOs to understand the background of the IFRS and their main requirements. In An Executive Guide to IFRS: Content, Costs and Benefits to Business, Peter Walton provides a concise and accessible guide to the principal features of IFRS, explains why they are useful, looks at their impact on businesses, and provides some of the context to help define their global role. The book is divided into three sections. Part one deals with the convergence process and its costs and benefits, and gives background on the story so far. Part two contains the main technical content of the book and provides an analysis of the main issues under IFRS reporting, including: • The content of financial statements • Investments in other companies • Income Statement and Balance Sheet items • IFRS for SMEs • A comparison with US GAAP Part three covers the creation of the IFRS, provides details of the IASB's standard-setting process, and describes how people outside the IASB can participate in the process and lobby effectively. It also examines the history of the IASB, and includes a chapter based on the author's observation of the standard setters in action. An Executive Guide to IFRS is an invaluable resource for anyone seeking to understand the essentials of International Financial Reporting Standards.
Download or read book Accounting in Central and Eastern Europe written by Catalin Albu and published by Emerald Group Publishing. This book was released on 2013-12-05 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the accounting issues within Central and Eastern Europe, looking back to the fall of communism (1980s-90s) and its effect on the countries' accounting and business models.
Download or read book Development of Integrated Reporting in the SME Sector written by Joanna Dyczkowska and published by Springer Nature. This book was released on 2021-11-12 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines on an international basis how small and medium-sized enterprises (SMEs) cope with the changing economic and social challenges, which are also reflected in financial and non-financial reporting. To this end, it presents six case studies from Germany, Hungary, Romania, Poland, Italy, and the United Kingdom, with a particular focus on integrated reporting (IR). The cases presented are drawn from collaborative research within the international network of INTEREST, an international project on integrated reporting for SME transparency. The book will be of interest to researchers and practitioners.
