Internatıonal Fınancıal Reportıng Standards X For Small And Medıum Sızed Entıtıes And The Turkısh Case

ARSOY, POROY; Aylin;SİPAHİ, Aylin;SİPAHİ; Barış, Barış

doi:10.1501/sbfder_0000002048

Cited by 12 publications

(16 citation statements)

References 11 publications

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“…A study exploring the potentials of the IFRS for SMEs acceptance in Turkey (Arsoy & Sipahi, 2009) reported the acceptance as a highly complicated process hindered by the current accounting system, its links to tax regulations, and limited accountants' education on the IFRS.…”

Section: The Expected Impacts Of the Ifrs For Smes Implementation Witmentioning

confidence: 99%

The current problems of harmonization of accounting for small and medium-sized enterprises

Hýblová

2019

Economic Research-Ekonomska Istraživanja

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Financial statements provide significant information about the financial position and performance of an enterprise. In the global world, it is necessary that the information is comparable at the international level. This requirement poses a problem for small and medium-sized enterprises as they do their reporting in compliance with the national legislations, which are based on Directive 2013/34/EU in the EU member states. No application of the Directive in national legislations guarantees the harmonisation of financial statements. Another direction in harmonisation is the IFRS for Small and Medium-sized Entities (SMEs) which the EU has not acknowledged as a basis for financial statement creation although its significance is not negligible globallyaround 80 jurisdictions use it or allow its use currently. The paper aims to analyse the current state of harmonisation of financial statements of small and medium-sized enterprises. Based on the identification of essential differences between the national legislation and the Standard, it attempts to answer the question whether (and how) the financial position and performance of an enterprise will change if the accounting framework changes, i.e., in the case of transfer from reporting based on national legislations to reporting based on the Standard.

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Section: The Expected Impacts Of the Ifrs For Smes Implementation Witmentioning

confidence: 99%

The current problems of harmonization of accounting for small and medium-sized enterprises

Hýblová

2019

Economic Research-Ekonomska Istraživanja

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“…Abdulrahim 2015affirmed that Muslim multinationals use a higher number of administrative staff than other types of companies so increasing foreign investment would benefit domestic and foreign businesses, and that in addition, the higher the host country's FDI level is, the higher the competitiveness and economic growth measured by GDP. Uyar and Güngörmüş (2013); and Poroy and Sipahi (2007) proved that the IFRS' benefits improve the quality of financial information, help businesses make effective investment decisions, and reduce capital costs. Kilic et al (2014) considered the biggest difficulty when applying IFRS was to implement accountability and disclosure regulations.…”

Section: IVmentioning

confidence: 99%

“…et al (2014);Aga (2014);Uyar and Güngörmüş (2013);Poroy and Sipahi (2007); andAlp and Ustundag (2009) studied the advantages of applying the IFRS in Turkey. Initially, the entire Turkish Financial Reporting Standards (TFRS) under IFRS translation was published for use by listed companies.…”

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confidence: 99%

Relationship between Experts and Enterprises Viewed via the IFRS Application: An Empirical Study in Vietnam

Anh

Bui

2019

Asian Economic and Financial Review

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The International Financial Reporting Standards (IFRS) are researched and developed by the International Accounting Standards Board with the goal of providing an international framework for preparing and presenting financial statements for businesses. IFRS create a common accounting language worldwide, which enhances the transparency and comparability of financial statements. Converging with IFRS is an inevitable trend of any country. Vietnam is currently developing a project to implement IFRS in 2020. In the process of converging with IFRS, the cooperation of State administrative agencies, experts, businesses, financial statement users and accountants is required. We surveyed 119 experts and 104 businesses in different sectors of the economy to gather their opinions to give the policy-making process more objective and reliable grounds. At the same time, we also conducted an assessment on the advantages and disadvantages of applying IFRS in Vietnam, assessing the preparations for an IFRS application roadmap. The research results are an important information channel to help the Ministry of Finance have additional theoretical background for creating IFRS policies in Vietnam. Contribution/ Originality: This study contributes to the existing literature by assessing the awareness and response to IFRS implementation in Vietnam. This study looks at the awareness of the disadvantages of VAS, the comparison of VAS to IFRS, the range of IFRS application and its subjects, the roadmap for IFRS implementation, and the comparison of expert assessments and preparation for IFRS and its benefits and difficulty in implementation.

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“…Publications providing the background/rationale for differential reporting were examining/investigating/evaluating the complexities/costs and benefits SMEs are facing/obtaining in financial reporting, or the need for exemption or differential reporting (see, for example, Barker and Noonan, 1996, Williams and Tower, 1998, Maingot and Zeghal, 2006, Arsoy et al, 2007, Lungu et al, 2007. 23% of the total reviewed publications reviewed were focused on this research theme.…”

Section: International Journal Of Accounting and Financial Reportingmentioning

confidence: 99%

SMEs’ Financial and Differential Reporting- A Review of Publications

Mkasiwa

2014

ijafr

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The purpose of this paper was to evaluate publications about Small and Medium Enterprises" (SMEs) financial and differential reporting and formulate suggestions for its progression. Based on desk-based research, the paper employed a literature-based analysis and critique of 100 selected publications about financial and differential reporting for SMEs. The paper only considered selected studies over the period 1985 to 2014. All financial and differential reporting literature of SMEs that was publicly available was incorporated (see also, Eierle and Schönefeldt, 2010). This method was employed because of the scattered nature of articles on financial and differential reporting for SMEs. From this, a descriptive analysis of the characteristics of the literature was discussed. Thereafter, a conceptual analysis of the reviewed publications was conducted to provide the basis for suggestions for possible future directions of this body of research. The descriptive analysis highlighted that among the research studies reviewed several interesting patterns emerged concerning SMEs" financial and differential reporting research. Contrary to what had been argued in previous reviews, studies of developing countries had started to increase in this body of research since 2009. When the focus of the literature was considered, the "scrutinization of differential reporting" was the area of most focused interest especially after the release of IFRS for SMEs. The main implications of this paper are that, the focus of published literature had been in line with IASB"s project of the development of IFRS for SMEs. This paper provides several important insights in order to highlight policy development, especially to the steering bodies such as IASB. Moreover, the paper identifies possible areas for further research.

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Internatıonal Fınancıal Reportıng Standards X For Small And Medıum Sızed Entıtıes And The Turkısh Case

Cited by 12 publications

References 11 publications

The current problems of harmonization of accounting for small and medium-sized enterprises

The current problems of harmonization of accounting for small and medium-sized enterprises

Relationship between Experts and Enterprises Viewed via the IFRS Application: An Empirical Study in Vietnam

SMEs’ Financial and Differential Reporting- A Review of Publications

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