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Irish GAAP to IFRS for SME's

  • 15-10-2010 10:00AM
    #1
    louisolouis
    Closed Accounts Posts: 23 ✭


    want to do a college project on this, but unsure on what would be a good angle to take, I'm aware of the changes will have to make like there wont be any option to revalue PPE, and a change in the tax approach, but any ideas on what would be a good stance to take?

    thanks :-)


Comments

  • #2
    tilly99
    Closed Accounts Posts: 9 ✭tilly99


    louisolouis wrote: »
    want to do a college project on this, but unsure on what would be a good angle to take, I'm aware of the changes will have to make like there wont be any option to revalue PPE, and a change in the tax approach, but any ideas on what would be a good stance to take?

    thanks :-)

    my opinion is that you are considering a very diffficult topic.
    You really have to no of be able to explain the difference between the two and its not that easy. As the legisaltion is very technical.

    as far as I am aware SME are moving away from standards as they are mainly audit exempt.

    In a few years companies will have to use IAS/IFRS etc, as some companies presently use FRS.


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