The definition of the SMEs is based on the definition given by the IASB in the standard for SMEs:
- The resolution was published on the official gazette on December 29, 2010.
- Entities that have already adopted full IFRS and are qualified to use IFRS for SMEs are allowed to change to IFRS for SMEs.
The resolution is effective for financial statements for annual periods beginning on or after 1 January 2011, and earlier application is permitted.
Entities that have already adopted full IFRS and are qualified to use IFRS for SMEs are allowed to change to IFRS for SMEs.
The resolution is effective for financial statements for annual periods beginning on or after 1 January 2011, and earlier application is permitted.