IFRS for Small and Medium-Sized Enterprises

Structuring the Transition Process

  • Authors
  • Richard Wittsiepe

Table of contents

  1. Front Matter
    Pages I-XIV
  2. Introduction

    1. Pages 1-2
  3. European Accounting and Financial Reporting Environment

  4. Small and Medium-Sized Companies — Analysing the Transition Process

  5. The Audit Process — Theory and Practice Developments

  6. Standard Audit Procedures and Structure of IFRS Level I Statements

  7. Back Matter
    Pages 199-207

About this book


In the process of converting to IFRS, a number of practical questions arise concerning the structures of the accounting area department of medium-sized enterprises as well as the issue of effectively updating financial statements once converted, which have thus far not been addressed in the debate.

Richard Wittsiepe analyses the relevant IFRS statements with a view to possibly integrating them into existing workflows in an annual audit. He weighs the key issues of conversion by comparing them with the 4th EU Directive for accounting within the EU. The aim is to visualise the workflows as the basis for creating support software which can make a key contribution to cost-effective conversion. This approach permits the effective integration of existing resources of medium-sized enterprises in cooperation with their specialist advisors.


Bilanz Bilanzierung IAS IAS 1 IAS 12 IAS 17 IAS 18 IAS 36 IAS 37 IAS 40 IAS 8 IFRS International Financial Reporting Standards Jahresabschluss bookkeeping

Bibliographic information

  • DOI
  • Copyright Information Betriebswirtschaftlicher Verlag Dr.Th. Gabler | GWV Fachverlage GmbH, Wiesbaden 2008
  • Publisher Name Gabler
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8349-0940-4
  • Online ISBN 978-3-8349-9754-8
  • Buy this book on publisher's site
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