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SMEIG issues guidance on IFRS for SMEs Standard

  • SMEIG (SME Implementation Group) (mid blue) Image

14 Dec 2017

The SME Implementation Group (SMEIG) has issued Q&A guidance on financial guarantee contracts. The guidance aims to support entities during the implementation of the IFRS for SMEs Standard.

Specifically, the guidance discusses how a reporting entity would account for the financial guarantee contract issued to the bank in its separate or individual financial statement.

For more information, see the press release and Q&A on the IASB’s website.

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