Author : United Nations Conference on Trade and Development
Release : 2003
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Accounting and Financial Reporting Guidelines for Small and Medium-sized Enterprises (SMEGA) by : United Nations Conference on Trade and Development
Download or read book Accounting and Financial Reporting Guidelines for Small and Medium-sized Enterprises (SMEGA) written by United Nations Conference on Trade and Development. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt: In order to meet the accounting and financial reporting needs of small and medium-sized enterprises (SMEs), the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) has proposed the adoption of a three-tier approach applicable to all types of SMEs, particularly those in developing countries and countries with economies in transition. This publication sets out guidance for level 3 enterprises, applicable to smaller companies which are often owner-managed and have a small number of employees. The approach proposed is accruals-based accounting, based on that set out in international accounting standards, but closely linked to cash transactions.
