Updated version of the Financial Reporting Standard for Smaller Entities. (FRSSE).
FRSSE (effective April 2008) The ASB published in June 2008 an updated version of the Financial Reporting Standard for Smaller Entities. (FRSSE) to reflect changes in company law arising from the Companies Act 2006. No changes were made to the requirements that are based upon Generally Accepted Accounting Practice.
The updated FRSSE (effective April 2008) applies to accounting periods beginning on or after 6 April 2008; the date from which the accounting and reporting regime for smaller companies in the Companies Act 2006 becomes effective. Early adoption is not permitted; hence smaller companies should continue to use the FRSSE (effective January 2007) for earlier accounting periods.
IFRS resources for accounting educators
The American Accounting Association is holding its 2008 annual meeting this week in Anaheim, California. Over 3,000 people are attending. At a session titled IFRS Is Here, and What to Do about It, Prof Stephen Zeff of Rice University and Paul Pacter representing the IASB (also IAS Plus webmaster) presented some ideas for introducing IFRSs into university accounting curricula. As part of that presentation, they prepared a detailed list of IFRS resources available to accounting educators from a variety of sources, most without charge, many with hyperlinks to source documents.
La Educación Financiera y de Contabilidad en América Latina y el Caribe: Estableciendo las Bases de la Responsabilidad Contable
This publication outlines the reasons why some unlisted small and medium-sized entities (SMEs) have already made the change to International Financial Reporting Standards (IFRS) and illustrates what might be involved in a conversion process.
IFRS for SMEs
South African Institute of Chartered Accountants
South Africa Leads The Pack by Adopting IFRS for SMEs
Simplificación del entorno empresarial en los ámbitos del Derecho de sociedades, la contabilidad y la verificación del cierre anual de cuentas,.
Resolución del Parlamento Europeo, de 21 de mayo de 2008, sobre la simplificación del entorno empresarial en los ámbitos del Derecho de sociedades, la contabilidad y la verificación del cierre anual de cuentas (2007/2254(INI)).