Understanding IFRS for SMEs
Understanding IFRS for SMEs introduces the fundamental accounting principles required to understand and apply the International Financial Reporting Standards (IFRS) for Small and Medium-sized Entities (SMEs). This book uses an easy-to-understand conceptual approach to explain the requirements for preparing financial statements in accordance with IFRS for SMEs. The explanations are supported by source references that direct readers to the text as written in the standard. In addition, illustrative examples show how the underlying concepts are operationalised in the practice of accounting. Although the text is designed to provide guidance to those wishing to understand IFRS for SMEs, it refers to the full IFRS standards where appropriate, so that those readers who want to compare the requirements in the two IFRS standards may be able to do so.
- Illustrative disclosures
- Learning objectives
- Illustrative diagrams
- Illustrative examples
- Multiple-choice questions
- Self-study questions
- Lecturer support material
About the authors
Jade Jansen is an Associate Professor, Deputy Head of the Department of Accounting and the Subject Head of Financial Accounting at the University of the Western Cape. He is a Chartered Accountant with a Master’s degree in Accounting Sciences from the University of Pretoria.
Mohamed Karodia is Head of the Faculty of Commerce at Rosebank College, a brand of the Independent Institute of Education. He previously lectured at the University of Johannesburg as well as the University of South Africa, and moderates and reviews content and assessments for various institutions such as Boston Media House, Independent Colleges Group and Pearson International.
Rashied Small is Executive: Thought Leadership at the South African Institute of Professional Accountants (SAIPA) and chairman of the Pan-African Education Committee and Interim Academic Advisory Committee responsible for the development and implementation of curricula in the accounting and auditing sectors across Africa. He holds a PhD in finance and education.
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