IASC Publishes Second Batch of IFRS Training Material for SMEs
The International Accounting Standards Committee (IASC) Foundation has published the second batch of training material for the International Financial Reporting Standard (IFRS ) for small and medium-sized entities (SMEs). The training material is designed to assist companies and accounting practitioners in applying the IFRS, as well as educators in teaching how to apply the IFRS for SMEs. The remaining material will be published in the course of this year as it is completed.
The free-to-download training material forms part of a range of initiatives undertaken by the IASC Foundation and the International Accounting Standards Board (IASB) to support the widespread adoption of the IFRS for SMEs.
As part of these activities the IASC Foundation recently held ‘train-the-trainers’ workshops in India and Malaysia jointly with the Confederation of Asian and Pacific Accountants (CAPA). The workshops support the development of local trainers to teach implementation of the IFRS for SMEs within their own jurisdictions.
The next IASC Foundation workshop will be held in Tanzania on 11-13 May 2010, hosted jointly with the Eastern Central and Southern African Federation of Accountants (ECSAFA). Similar regional workshops will be held in the Middle East, Latin America and the Caribbean later in 2010.