The IFRS for SMEs is a self-contained standard of 230 pages, designed to meet the needs and capabilities of small and medium-sized entities (SMEs), which are estimated to account for over 95 per cent of all companies around the world.
Compared with full IFRSs (and many national GAAPs), the IFRS for SMEs is less complex in a number of ways. The standard is available for any jurisdiction to adopt, whether or not it has adopted full IFRSs. Each jurisdiction must determine which entities should use the standard. The IASB’s only restriction is that listed companies and financial institutions should not use it.

Training Modules on IFRS for SME

Modules Titles Download
1 Small and Medium-sized Entities PDF [220 KB]
3 Financial Statement Presentation PDF [247 KB]
4 Statement of Financial Position PDF [240 KB]
5 Statement of Comprehensive Income and Income Statement PDF [288 KB]
6 Statement of Changes in Equity and Statement of Income and Retained Earnings PDF [221 KB]
8 Notes to the Financial Statements PDF [368 KB]
10 Accounting Policies, Estimates and Errors PDF [263 KB]
11 Basic Financial Instruments PDF [602 KB]
13 Inventories PDF [267 KB]
14 Investments in Associates PDF [324 KB]
15 Investments in Joint Ventures PDF [337 KB]
16 Investment Property PDF [274 KB]
17 Property, Plant and Equipment PDF [303 KB]
18 Intangible Assets Other Than Goodwill PDF [332 KB]
20 Leases PDF [426 KB]
21 Provisions and Contingencies PDF [393 KB]
23 Revenue PDF [418 KB]
24 Government Grants PDF [331 KB]
25 Borrowing Costs PDF [192 KB]
28 Employee Benefits PDF [417 KB]
29 Income Tax PDF [526 KB]
32 Events after the End of the Reporting Period PDF [211 KB]
35 Transition to the IFRS for SMEs PDF [540 KB]

IASB Newsletter on IFRS for SME
Issue View it in your browser Download as a PDF
2011-1, January 2011
2011-2, February 2011
2011-3, March 2011
2011-4, April 2011
2011-5, May 2011
2010-1, March 2010
2010-2, April 2010
2010-3, May 2010
2010-4, June 2010
2010-5, August 2010
2010-6, September 2010
2010-7, October 2010
2010-8, November 2010
2010-9, December 2010
IFRS for SMEs in Your Pocket 2010 – Global Edition
Deloitte’s IFRS Global Office has published the Global Edition of IFRS for SMEs in Your Pocket. This 45-page guide to the IFRS for SMEs is similar to Deloitte’s very popular IFRSs in Your Pocket guide to full IFRSs. IFRS for SMEs in Your Pocket takes each section of the IFRS for SMEs, summarises its requirements, and highlights differences with full IFRS requirements. There is also a chronology of the development of the IFRS for SMEs and a discussion of how the IFRS for SMEs differs from full IFRSs. Click to download IFRS for SMEs in Your Pocket (Global Edition) (PDF 406k).

Presentations about the IFRS for SMEs

Presentation - click to download in PDF Audience Presenter(s) Date Number of Slides Language Description
Why the World Needs a Separate Standard for Private Companies, and Why the US Does, Too American Accounting Association Annual Meeting of the International Section and Financial Reporting Section Paul Pacter, IASB Board Member January 2011 31 English - Use of IFRSs around the world
- Adoption of the IFRS for SMEs
- Implementation support
The IFRS for SMEs 18th Congress of the Romanian Accounting Profession Paul Pacter, IASB Board Member September 2010 14 Romanian - Background of IFRS for SMEs
- Differences with full IFRSs
- Plans for Adoption
- Implementation support
Introduction and Overview of IFRS for SMEs World Bank Workshop IFRS Foundation Education Director Michael Wells January 2011 60 Russian Summaries of the requirements in each of the 35 sections
IFRS for SMEs: Adoption and Implementation World Standard Setters Meeting IASB Board member Paul Pacter and IFRS Foundation Education Director Michael Wells 21 September 2010 33 English Update on jurisdiction plans for adoption, description of implementation support being provided by IASB and IFRS Foundation, and information about the new SME Implementation Group including a preliminary look at some of the issues the SMEIG will be looking at.
Overview of IFRS for SMEs in Albanian World Bank GLDN Seminar IFRS Foundation Education Director Michael Wells September 2010 45 Albanian Summaries of the requirements in each of the 35 sections.
Overview of IFRS for SMEs in Romanian World Bank GLDN Seminar IFRS Foundation Education Director Michael Wells September 2010 45 Romanian Summaries of the requirements in each of the 35 sections.
Overview of IFRS for SMEs in Serbian World Bank GLDN Seminar IFRS Foundation Education Director Michael Wells September 2010 45 Serbian Summaries of the requirements in each of the 35 sections.
Visão Geral do IFRS para PMEs IFRS Foundation-BNDES Workshop IASB Board member Paul Pacter August 2010 74 Português Includes background on the IFRS for SMEs and summaries of the requirements in each of the 35 sections
IFRS pour PME Bamako, JOAC Gilbert Gélard, Consultant en IFRS, Ancien membre de l’IASB Juillet 2010 28 Français - Qui peut l’utiliser?
- En quoi diffère-t-elle des “full IFRS”?
- Comment avons-nous simplifié?
- Quel intérêt une PME a-t-elle à l’adopter?
- Etat de l’adoption par les pays et regions
- Matériel de formation pour les PME
- Ce qui peut être “downloadé”
A Closer Look at the IFRS for SMEs 28th Annual Conference of the Institute of Chartered Accountants of the Caribbean IASB Board member Paul Pacter 26 June 2010 78 English Includes background on the IFRS for SMEs and summaries of the requirements in each of the 35 sections
IFRS para PyMEs Banco Mundial IASB Miembro de la Junta Paul Pacter 21 Junio 2010 77 Español - Desarrollo de IFRS para PyMEs
- Adopción: Beneficios. Planes del país
- Traducción y entrenamiento
- Guía de implementación
- Revisión de todas las secciones de la norma
- Remarcar las diferencias principales con las IFRS completas
- Sus preguntas y comentarios