IASB holds round-table discussions on SMEs

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18 Oct 2005

On 13-14 October 2005, the Board conducted public round-table meetings with respondents to its April 2005 questionnaire on possible recognition and measurement simplifications for small and medium-sized entities (SMEs) to probe the views expressed in the responses.

Forty-three organisations participated in the round-tables. While a broad range of possible recognition and measurement simplifications was discussed, the areas identified below tended to receive the most attention:

IASB Round-Table Discussions ofPossible Recognition and Measurement Simplifications for SMEs13-14 October 2005, London

  • IAS 12: Deferred income taxes
  • IAS 16: Some aspects of property, plant, and equipment including the revaluation model, components, and residual value
  • IAS 17: Lease classification and measurement
  • IAS 19: Employee benefits – defined benefit programmes including statutory long-service obligations
  • IAS 27: Consolidation
  • IAS 32: Debt vs equity classification
  • IAS 36 and IFRS 3: Goodwill impairment and intangibles recognition
  • IAS 36: Indicators of impairment of property, plant and equipment; value in use calculation; and cash generating units
  • IAS 39: Fair value measurement in general, hedging, and derecognition
  • IAS 41: Fair value model for biological assets and agricultural produce
  • IFRS 2: Measurement of share-based payment
  • What an SME should do if the IASB SME standards do not address a particular accounting question

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