SMEIG issues guidance on IFRS for SMEs Standard
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.