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

Print

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

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