Why Differential Reporting is Important for Small and Medium sized Entities in Mongolia?
Keywords:
accounting standard, differential reporting, IFRS, IFRS for SMEs, SMEsAbstract
Small and Medium Sized Entities (SMEs) play an important role in the global economy. Little is known however, about what the needs of information users of SMEs; who benefits from their financial statements; what the main factors to comply with international reporting standards. The main objective of the paper is to highlight the importance of differential reporting, its global trend, reporting needs of SMEs; and the IFRS for SMEs (International Financial Reporting Standard for Small and Medium sized Entities).
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Published
2023-03-02
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