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2010年12月ACCA考试:真题P2试题15

2013-01-24 15:51 来源:中国会计网 作者:编辑部 | 中国会计网-中国会计行业门户 | 会计论坛

Section B–TWO questions ONLY to be attempted

4(a)The principal aim when developing accounting standards for small to medium-sized enterprises(SMEs) is to provide a framework that generates relevant,reliable,and useful information which should provide a high quality and understandable set of accounting standards suitable for SMEs.There is no universally agreed definition of an SME and it is difficult for a single definition to capture all the dimensions of a small or medium-sized business.The main argument for separate SME accounting standards is the undue cost burden of reporting,which is proportionately heavier for smaller firms.

Required:

(i)Comment on the different approaches which could have been taken by the International Accounting Standards Board(IASB)in developing the 'IFRS for Small and Medium-sized Entities'(IFRS for SMEs),explaining the approach finally taken by the IASB.(6 marks)

(ii)Discuss the main differences and modifications to IFRS which the IASB made to reduce the burden of reporting for SME's, giving specific examples where possible and include in your discussion how the Board has dealt with the problem of defining an SME.(8 marks)

Professional marks will be awarded in part(a)for clarity and quality of discussion.(2 marks)

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