IDEAS home Printed from https://ideas.repec.org/a/jes/wpaper/y2011v3i1p121-134.html
   My bibliography  Save this article

International Financial Reporting Standard For Small And Medium-Sized Entities- A New Challenge For The European Union

Author

Listed:
  • Ana-Maria Pascu

    (Alexandru Ioan Cuza University of Iasi, Romania)

  • Andreea Vasiliu

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

In the context of the global economic crisis, small and medium enterprises are most affected. That is why the problem that arises more frequently is the harmonization of national legislation with the European legislation. The necessity to implement specific standards for SMEs appeared in order to provide them a beneficial framework for better economic and financial market positioning. In this respect, the International Accounting Standards Board issued in 2009 IFRS for SMEs, a referential aiming to the simplification of accounting procedures, reconciliation and increase of confidence of potential investors (stakeholders). The question of compatibility of these standards with the European Accounting Directives appears in situations where they may choose to use IFRS for SMEs. The aim of this paper is to evaluate the incompatibilities between IFRS for SMEs and the European Accounting Directives and to analyze the results concerning the implementation of the IFRS for SMEs in Europe. Through this article we want to contribute to the SME accounting area of knowledge.

Suggested Citation

  • Ana-Maria Pascu & Andreea Vasiliu, 2011. "International Financial Reporting Standard For Small And Medium-Sized Entities- A New Challenge For The European Union," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 3(1), pages 121-134, March.
  • Handle: RePEc:jes:wpaper:y:2011:v:3:i:1:p:121-134
    as

    Download full text from publisher

    File URL: http://ceswp.uaic.ro/articles/CESWP2011_III1_PAS.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Vincent Castel & Martha Phiri & Marco Stampini, 2010. "Working Paper 110 - Education and Employment in Malawi," Working Paper Series 247, African Development Bank.
    2. AfDB AfDB, 2010. "Working Paper Series – Author Guidelines," Working Paper Series 357, African Development Bank.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eichengreen, Barry & Flandreau, Marc & Mehl, Arnaud & Chitu, Livia, 2017. "International Currencies Past, Present, and Future: Two Views from Economic History," OUP Catalogue, Oxford University Press, number 9780190659455.
    2. Oulay Phadouangdeth & Sounthone Phommason & Phouphet Kyophilavong & Inpaeng Sayvaya, 2014. "Does the Accession of Road Reduce the Poverty? Evidence from Northern, Central, and Southern Parts of Lao PDR," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 2(9), pages 377-386, September.
    3. Jayati Sarkar & Subrata Sarkar, 2018. "Bank Ownership, Board Characteristics and Performance: Evidence from Commercial Banks in India," IJFS, MDPI, vol. 6(1), pages 1-30, February.
    4. Andrei Sebastian Badea, 2011. "Perspectives On Improving Cohesion Policy Spending," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 3(1), pages 6-12, March.
    5. Hyun Hak Kim, 2013. "Forecasting Macroeconomic Variables Using Data Dimension Reduction Methods: The Case of Korea," Working Papers 2013-26, Economic Research Institute, Bank of Korea.
    6. Kleine, Jens & Wagner, Niklas & Weller, Tim, 2016. "Openness endangers your wealth: Noise trading and the big five," Finance Research Letters, Elsevier, vol. 16(C), pages 239-247.
    7. Codrin-Marius Teiu, 2011. "The Impact Of The Financial Crisis On European E-Government Development," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 3(3), pages 429-439, September.
    8. Roxana Hincu, 2013. "Us-Eu Spying Allegations 2013- A Case For Constructivism," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 5(4), pages 518-528, December.
    9. Catherine Tucker & Juanjuan Zhang, 2011. "How Does Popularity Information Affect Choices? A Field Experiment," Management Science, INFORMS, vol. 57(5), pages 828-842, May.
    10. William Peterman, 2016. "The effect of endogenous human capital accumulation on optimal taxation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 21, pages 46-71, July.
    11. King, Aaron A. & Nguyen, Dao & Ionides, Edward L., 2016. "Statistical Inference for Partially Observed Markov Processes via the R Package pomp," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 69(i12).
    12. Kay Giesecke & Baeho Kim, 2011. "Systemic Risk: What Defaults Are Telling Us," Management Science, INFORMS, vol. 57(8), pages 1387-1405, August.
    13. Ferri, Giovanni & Murro, Pierluigi & Peruzzi, Valentina & Rotondi, Zeno, 2019. "Bank lending technologies and credit availability in Europe: What can we learn from the crisis?," Journal of International Money and Finance, Elsevier, vol. 95(C), pages 128-148.
    14. Feng, Xiaobing & Jo, Woo Seong & Kim, Beom Jun, 2014. "International transmission of shocks and fragility of a bank network," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 403(C), pages 120-129.
    15. Daniel Titelman, 2012. "Hacia una cobertura regional más amplia de un Fondo de Reservas," Papers and Proceedings 11861, Fondo Latino Americano de Reservas - FLAR.
    16. Karásek, Jiří & Pavlica, Jaroslav, 2016. "Green Investment Scheme: Experience and results in the Czech Republic," Energy Policy, Elsevier, vol. 90(C), pages 121-130.
    17. Monica Martinez-Bravo & Gerard Padró i Miquel & Nancy Qian & Yang Yao, 2011. "Do Local Elections in Non-Democracies Increase Accountability? Evidence from Rural China," NBER Working Papers 16948, National Bureau of Economic Research, Inc.
    18. Dubreuil, Aurelie & Assoumou, Edi & Bouckaert, Stephanie & Selosse, Sandrine & Maı¨zi, Nadia, 2013. "Water modeling in an energy optimization framework – The water-scarce middle east context," Applied Energy, Elsevier, vol. 101(C), pages 268-279.
    19. Stephen Roper & James H. Love, 2018. "Knowledge context, learning and innovation: an integrating framework," Industry and Innovation, Taylor & Francis Journals, vol. 25(4), pages 339-364, April.
    20. Mellon, Vicky & Bramwell, Bill, 2018. "The temporal evolution of tourism institutions," Annals of Tourism Research, Elsevier, vol. 69(C), pages 42-52.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jes:wpaper:y:2011:v:3:i:1:p:121-134. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alupului Ciprian (email available below). General contact details of provider: https://edirc.repec.org/data/csjesro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.