Understanding IFRS for SMEs

Product Details:
Author(s):
Jansen, J
Year Published:
2020
Edition
1st Edition
Type:
Print | Soft Cover
Language:
English
About this publication
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.
Key Features
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.
Content
Interest / Benefit to
All accounting students, irrespective of whether they have an accounting background, who need a fundamental understanding of the financial accounting principles and concepts as it applies to the world of business in the context of IFRS for SMEs (and IFRS where applicable).