The IFRS Foundation is rolling out updated modules for the IFRS for SMEs Accounting Standard, prioritizing sections with major changes. These resources aim to simplify learning and applying the standards.
Key Points
•📅 Update Alert: Prioritizing sections with significant changes for 2025
•📘 Comprehensive Content: Includes full text, notes, and examples
•🧠 Knowledge Check: Multiple-choice questions to test understanding
•🔍 Case Studies: Real-world scenarios to apply what you've learned
•⚖️ Comparison: Summaries of differences with full IFRS standards
🛠️ What's New in IFRS for SMEs?
The IFRS Foundation is hard at work updating its stand-alone modules for the IFRS for SMEs Accounting Standard. These updates are focusing on sections with significant changes set for 2025. If you're learning about, applying, or just reading financial statements prepared using IFRS for SMEs, these modules are your new best friend.
📚 What's Inside?
Each module is a treasure trove of information:
Requirements: Full text of the section, complete with notes and examples to make things crystal clear.
Significant Estimates and Judgements: Breakdowns of the tricky estimates and judgements you'll need to make.
Comparison with Full IFRS: Quick summaries of how these standards stack up against the full IFRS Accounting Standards.
Test Your Knowledge: Multiple-choice questions to see if you've really got it.
Apply Your Knowledge: Case studies to help you practice your new skills.
📜 A Word of Caution
Before you dive in, a heads-up: these modules haven't been approved by the IASB yet. They also come with a copyright notice and terms of use, so give those a read before getting started.
