A pre-implementation assessment of the IFRS for SMES exposure draft on small and medium enterprises in NCR
Date of Publication
2007
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Accountancy
Subject Categories
Accounting
College
Ramon V. Del Rosario College of Business
Department/Unit
Accountancy
Defense Panel Member
Michael Angelo A. Cortez
Florenz C. Tugas
Abstract/Summary
The International Financial Reporting Standard for Small and Medium Enterprises (IFRS for SMEs) is expected to be implemented in the Philippines in the year 2009. Companies falling under the SME or Non-publicly Accountable Entity (NPAE) classifications, at that time will be required to apply the IFRS for SMEs in their financial statements.
This pre-implementation assessment was conducted to evaluate the present condition of SME financial reporting among companies in NCR, and the possible changes that would occur in their reporting if the current SME IFRS Exposure Draft if implemented as a new standard. Thirty companies each from the four largest industries according to population, as classified by Department of Trade and Industry were choosen for the study. The financial statement for 2005 of these companies from the Fresh and Processed Food Furniture and Furnishings Information Technology,. Electronics and Electrical Products and Services industries were analyzed according to the standards adopted for the year, as well as the possible effects in their financial reporting based on the presence of particular accounts in their financial statements."
Abstract Format
html
Language
English
Format
Accession Number
TU12652
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
188 leaves : ill. ; 28 cm.
Keywords
Accounting; Small business--Accounting-- Standards
Recommended Citation
Alba, M. Z., Buendia, K. R., Chi, C. T., & Guintivano, R. T. (2007). A pre-implementation assessment of the IFRS for SMES exposure draft on small and medium enterprises in NCR. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/14106