IFRS Foundation issues seven educational modules on IFRS for SMEs
14 Aug 2018
The IFRS Foundation has issued seven new stand-alone educational modules which support the learning, application, and reading of financial statements prepared with the IFRS for SMEs Standard.
The IFRS Foundation expects to issue stand-alone modules for each section of the 2015 IFRS for SMEs Standard (35 in total). This is the second batch of modules released by the Foundation; the first three modules were posted in April 2018. The seven new modules issued cover the following topics:
- Statement of comprehensive income and income statement.
- Statement of changes in equity and statement of income and retained earnings.
- Statement of cash flows.
- Basic financial instruments.
- Other financial instrument issues.
- Inventories.
- Events after the end of the reporting period.
For more information, access the IFRS for SMEs modules (free registration required) and see the press release on the IASB’s website.