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IFRS Training Offered For SMEs

by Robin Pilgrim,, London

04 March 2010

The International Accounting Standards Committee (IASC) Foundation published the second batch of training material for the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs).

The training material is designed to assist companies and accounting practitioners in applying the IFRS. It will also assist educators in teaching how to apply the IFRS for SMEs. The remaining material will be published in the course of this year as it is completed.

The free-to-download training material forms part of a range of initiatives undertaken by the IASC Foundation and the International Accounting Standards Board to support the widespread adoption of the IFRS for SMEs.

As part of these activities the IASC Foundation recently held a 'Train the Trainers' workshops in India and Malaysia jointly with the Confederation of Asian and Pacific Accountants. The workshops support the development of local trainers to teach implementation of the IFRS for SMEs within their own jurisdictions.

The next IASC Foundation workshop will be held in Tanzania on May 11−13, 2010, hosted jointly with the Eastern Central and Southern African Federation of Accountants. Similar regional workshops will be held in the Middle East, Latin America and the Caribbean later in 2010.

The IASC Foundation has also introduced an IFRS for SMEs email alert to allow interested parties to keep up to date on developments related to the standard, for which registration is free.

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