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Issues in European Accounting

Comment on the IASB's Exposure Draft ‘IFRS for Small and Medium-Sized Entities’Footnote1

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Pages 27-47 | Published online: 06 Jun 2008

References

IASB/IASCF

  • IASB . 2004 . Discussion Paper. Preliminary Views on Accounting Standards for Small and Medium-Sized Entities , London : IASCF .
  • IASB . 2005a . “ IASB issues staff questionnaire on recognition and measurement principles for small entities ” . In Press Release 5 April. Available at: http://www.iasb.org/news/press.asp
  • IASB . 2005b . “ Staff questionnaire on possible recognition and measurement modifications for small and medium-sized entities (SMEs) ” . 5 April. Available at: http://www.iasb.org/news/press.asp
  • IASB . 2007a . Basis for Conclusions on Exposure Draft IFRS for Small and Medium-Sized Entities , London : IASCF .
  • IASB . 2007b . Draft Implementation Guidance IFRS for Small and Medium-Sized Entities. Illustrative Financial Statements and Disclosure Checklist , London : IASCF .
  • IASB . 2007c . Exposure Draft of a Proposed IFRS for Small and Medium-Sized Entities , London : IASCF .
  • IASB website: http://www.iasb.org
  • IASCF . 2004 . Small and medium-sized entities . IASB Update , December : 4 – 5 .
  • IASCF . 2005 . Accounting standards for non-publicly accountable entities (NPAEs) . IASB Update , February : 1

Empirical Studies

  • Bundesverband der Deutschen Industrie e.V. and Ernst and Young . 2005 . Rechnungslegung im Umbruch , Berlin : Industrie-Förderung Gesellschaft mbH .
  • Cisi , M. IAS/IFRS standards for small and medium-sized entities: international comparability versus usefulness. An analysis in the Italian context . Proceedings of the Conference: Emerging Issues in Accounting and Business , EIAC Padova, July 2006
  • Cisi , M. IFRSs for SMEs in the Italian unlisted companies context . paper presented at the EIASM Workshop on Accounting and Regulation . September 2007 . 20–22 . Siena
  • Daske , H. and Gebhardt , G. 2006 . International Financial Reporting Standards and experts' perceptions of disclosure quality . Abacus , 42 ( 3/4 ) : 461 – 498 .
  • DIHK , PWC . 2005 . International Financial Reporting Standards (IFRS) in mittelständischen Unternehmen , Frankfurt am Main : PWC .
  • Eierle, B., Haller, A. and Beiersdorf, K. (2007) Ergebnisse der Befragung deutscher mittelständischer Unternehmen zum Entwurf eines internationalen Standards zur Bilanzierung von Small and Medium-Sized Entities (ED-IFRS for SMEs), edited by Bundesverband der Deutschen Industire e.V., Deutscher Industrie- und Handelskammertag e.V., Deutsches Rechnungslegungs Standards Committee e.V., Lehrstuhl für Financial Accounting and Auditing an der Universität Regensburg (Berlin DIHK) – English version available at: http://www.standardsetter.de/drsc/docs/press_releases/071129FinalReport_SME.pdf
  • Eierle , B. , Beiersdorf , K. and Haller , A. 2008 . Wie beurteilen deutsche nichtkapitalmarktorientierte Unternehmen den ED-IFRS for SMEs? Ergebnisses einer Befragung mittelständischer Unternehmen zum IASB-Entwurf eines internationalen Rechnungslegungsstandards für kleinere und mittelgrosse Unternehmen . Kapitalmarktorientierte Rechnungslegung , 8 ( 3 ) : 152 – 164 .
  • Freidank , C.-C. and Paetzmann , K. 2002 . Auswahl und Einsatz von Datenmaterial, Analysemethoden sowie externen Beratern zur Vorbereitung von Kreditvergabeentscheidungen . Der Betrieb , 55 ( 35 ) : 1785 – 1789 .
  • Garrod , N. , Kosi , U. and Valentincic , A. 2008 . Asset write-offs in the absence of agency problems . Journal of Business Finance & Accounting , 35( ( 3/4 ) : 307 – 330 .
  • Garrod, N., Ratej Pirkovic, S. and Valentincic, A. (2007) Political cost (dis)incentives for earnings management in private firms, Working Paper. Available at: http://ssrn.com/abstract=969678
  • Jahnke , H. , Wielenberg , S. and Schumacher , H. 2007 . Ist die Integration des Rechnungswesens tatsächlich ein Motiv für die Einführung der IFRS in mittelständischen Unternehmen? . Kapitalmarktorientierte Rechnungslegung , 7–8 : 365 – 376 .
  • Jermakowicz , E. K. and Gornik-Tomaszewski , S. 2006 . Implementing IFRS from the perspective of EU publicly traded companies . Journal of International Accounting, Auditing and Taxation , 15 : 170 – 196 .
  • Kajüter , P. , Barth , D. and Dickmann , T. 2007 . Rechnungslegung nach IFRS im deutschen Mittelstand? – Der Standardentwurf ‘IFRS für kleine und mittelgroße Unternehmen’ im Licht empirischer Befunde . Der Betrieb , : 1877 – 1884 . No. 60
  • KfW Bankengruppe . 2004 . Unternehmensfinanzierung: Noch kein Grund zur Entwarnung , Frankfurt am Main : KfW .
  • KPMG and Fachhochschule Münster . 2006 . Rechnungslegung nach IFRS – auch ein Thema für den Mittelstand? Ergebnisse einer empirischen Befragung des (gehobenen) Mittelstands in Nordhein-Westfalen , 2 , Düsseldorf : KPMG .
  • Oehler , R. 2005 . Auswirkungen einer IAS/IFRS-Umstellung bei KMU , München : Herbert Utz Verlag .
  • Oehler , R. 2006 . Auswirkungen einer IAS/IFRS-Umstellung auf das Kreditrating mittelstaendischer Unternehmen . Der Betrieb , : 113 – 119 .
  • Reid , G. C. and Smith , J. A. 2007 . “ Practitioner views on financial reporting for smaller entities ” . unpublished paper
  • Schiebel, A. (2007) External users of SMEs' financial statements are different! Wild guess or sound empirical analysis, unpublished paper. Available at: http://ssrn.com/abstract = 994684
  • Segbers , K. and Siemes , A. 2005 . Mittelständische Unternehmen und ihr Kommunikationsverhalten gegenüber der Bank – Ergebnisse einer empirischen Studie (Teil I und II) . Finanz Betrieb , : 229 – 237 . 311 – 319 . Nos. 4 and 5
  • Sian , S. and Roberts , C. December 2006 . Micro-Entity Financial Reporting: Perspectives of Preparers and Users , December , New York : IFAC .
  • Sian , S. and Roberts , C. 2008 . Micro-Entity Financial Reporting: Some Empirical Evidence on the Perspectives of Preparers and Users , New York : IFAC .
  • Ull , T. 2006 . IFRS in Mittelständischen Unternehmen , Wiesbaden : Deutscher Universitäts-Verlag .

Normative References, Theoretical Analyses, Literature Reviews

  • AICPA (American Institute of Certified Public Accountants) . 1981 . Tentative Conclusions and Recommendations of the Special Committee on Accounting Standards Overload , New York : AICPA .
  • Ballwieser , W. 2006 . IFRS für nicht kapitalmarktorientierte Unternehmen? . Zeitschrift für Internationale Rechnungslegung , : 23 – 30 .
  • Baskerville , R. F. and Cordery , C. J. June 2006 . “ Small GAAP: a large jump for the IASB, paper presented at the Conference for Financial Reporting and Business Communication ” . June , Cardiff Business School . 6–7
  • Berger , A. N. and Frame , W. S. 2007 . Small business credit scoring credit availability . Journal of Small Business Management , 45 ( 1 ) : 5 – 22 .
  • Borbely , K. and Evans , L. 2006 . A matter of principle. Recent developments in Hungarian accounting thought and regulation . Accounting in Europe , 3 : 135 – 168 .
  • Botosan , C. A. , Ashbaugh-Skaife , H. , Beatty , A. L. , Davis-Friday , P. Y. , Hopkins , P. E. , Nelson , K. K. , Ramesh , K. , Uhl , R. , Venkatachalam , M. and American Accounting Association's Financial Reporting Standards Committee . 2006 . Financial accounting and reporting standards for private entities . Accounting Horizons , 20 ( 2 ) : 179 – 194 .
  • Brouzes , J.-M. and Quéré , H. 2007 . Option Finance , June
  • Campedelli , B. 2006 . Principi contabili internazionali e imprese minori. Una prospettiva europea . Rivista Italiana di Ragioneria e di Economia Aziendale , marzo–aprile
  • Cesaroni , F. M. and Paoloni , P. 2006 . I principi contabili per le piccole e medie imprese . Rivista piccola impresa/small business , No. 1-2006
  • Di Pietra , R. 2005 . “ Il progetto di estensione degli IAS/IFRS per la redazione dei bilanci delle PMI ” . In L'analisi degli effetti sul bilancio dell'introduzione dei principi contabili internazionali IAS/IFRS , Rome : RIREA .
  • Dye , R. A. and Sunder , S. 2001 . Why not allow FASB and IASB Standards to compete in the US . Accounting Horizons , 15 ( 3 ) : 257 – 271 .
  • Eierle , B. 2005 . Differential reporting in Germany – a historic analysis . Accounting, Business & Financial History , 15 ( 3 ) : 279 – 315 .
  • Evans , L. , Di Pietra , R. , Gebhardt , G. , Hoogendoorn , M. , Marton , J. , Mora , A. , Thinggård , F. , Vehmanen , P. and Wagenhofer , A. 2005 . Problems and opportunities of an International Financial Reporting Standard for small and medium-sized entities. The EAA FRSC's comment on the IASB's Discussion Paper . Accounting in Europe , 2 : 23 – 45 .
  • Haller , A. , Beiersdorf , K. and Eierle , B. 2007 . ED-IFRS for SMEs – Entwurf eines internationalen Rechnungslegungsstandards für kleine und mittelgroße Unternehmen . Betriebs-Berater , 62 : 540 – 551 .
  • Jaruga , A. and Fijałkowska , J. 2004 . “ Small and medium-sized enterprises in Poland – the case of accounting regulations ” . unpublished paper
  • Kirsch , H.-J. and Meth , D. 2007 . Adressaten einer IFRS-Rechnungslegung für mittelständische Unternehmen . Betriebs-Berater Special , 6 : 7 – 12 .
  • Köhler , A. 2007 . IFRS-Standardentwurf für den Mittelstand – Ausgangssituation in Europa und Entwicklungsperspektiven . Betriebs-Berater Special , 6 : 2 – 7 .
  • Küting , K. 2007 . IFRS-Standardentwurf für den Mittelstand: Der Preis einer Umstellung ist zu hoch . Betriebs-Berater Special , 6 : 1
  • Liberos , C. 2007 . Option Finance , June
  • Lionzo , A. 2005 . Il sistema dei valori di bilancio nella prospettiva dei principi contabili internazionali , Milano : Franco Angeli .
  • McCreevy, C. (2007) Simplification of the business environment for companies, European Commissioner for Internal Market and Services, Speech/07/527, Lisbon, 13 September
  • McDowell , K. 8 March 2007 . “ Overview of differences, presentation at ICAS/ASB Discussion Forum: IFRS for SMEs: Useful for the UK? ” . 8 March , Edinburgh
  • Murphy , R. and Page , M. 1998 . Small, but imperfectly formed . Accountancy , 121 ( 1253 ) : 64
  • Nobes , C. 2006 . The survival of international differences under IFRS: towards a research agenda . Accounting and Business Research , 36 ( 3 ) : 233 – 245 .
  • Pacter , P. 2004 . Will the GAAP widen for SMEs? . Accountancy , January : 118
  • Paoloni , P. 2006 . Il bilancio delle piccole imprese nella prospettiva internazionale, Il progetto IASB International Accounting Standards for SMEs , Torino : Giappichelli .
  • Roubaud , J. F. 2007 . Option Finance , June
  • Santucci, S. (2007) Identification of the actual users of SMEs financial statement and their information needs: influence on the ED IFRS for SMEs' structure and potential solutions. Document prepared for EFAA Workshop on IFRS for SMEs, Warsaw, 30 May 2007
  • Singh , R. and Gray , S. J. 2006 . International Financial Reporting Standards (IFRS) for small and medium-sized entities (SMEs): issues and challenges for national jurisdictions . Indian Accounting Review , 10 ( 2 ) : 1 – 17 .
  • Superti Furga , F. 2005 . Il bilancio d'esercizio nel quadro dell'informativa societaria . Economia Aziendale 2000 ,

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