IASB issues a major update to the IFRS for SMEs Accounting Standard
IASB issues a major update to the IFRS for SMEs Accounting Standard
The International Accounting Standards Board (IASB) has issued a major update to the IFRS for SMEs Accounting Standard.
Major updates to the Standard include:
Major updates to the Standard include:
- a revised model for revenue recognition;
- bringing together the requirements for fair value measurement in a single location; and
- updating the requirements for business combinations, consolidations and financial instruments.