Wiley IFRS for SMEs Implementation Toolkit

This is a concise, practical resource providing practical tools covering conversion, implementation, and preparation of financial statements under the IFRS for SMEs framework. "Wiley IFRS for SMEs Implementation Toolkit" serves as a practical guide for accountants and auditors in implementing the simplified IFRS framework issued in 2009 for small and medium-sized entities. It provides valuable insights into deciding whether the framework is appropriate, comparing it to other financial reporting alternatives, and communicating with financial statement users. It offers practical, systematic, step-by-step implementation guidance and real-world practice aids to assist in all phases of conversion and financial reporting. It includes internet-accessible, downloadable form letters, sample correspondence, and work programs that are fully customizable. Timely and practical, this toolkit enables businesses in the U.S. to evaluate whether the new framework provides them with cost-effective relief from the complexity inherent in both US GAAP and full IFRS.