The Differences Between Full IFRS and IFRS for SMEs

There are some extremely notable differences between full International Financial Reporting Standards (IFRS) and the IFRS for Small-Medium Enterprises (IFRSSME). These are set out in the following table in the following order of Issue: application of IFRSSME;s tatement of cash flows;

accounting policies, changes in accounting estimates and errors;

events after the reporting period; related party disclosures;

business combinations and goodwill; consolidated and separate financial statements;

investments (interests) in joint ventures; investments in associates;

property, plant and equipment; intangible assets (other than goodwill);