IFRS for SMEs – Application and Transition

The IFRS for SMEs – Application and Transition program is designed to help financial professionals thoroughly understand and effectively implement the International Financial Reporting Standard for Small and Medium-sized Entities. This training provides a comprehensive exploration of the principles, requirements, and practical steps needed to successfully transition to IFRS for SMEs. Participants will learn how the standard simplifies financial reporting while maintaining transparency, consistency, and decision-usefulness. The course covers recognition and measurement criteria, disclosure requirements, presentation principles, and transition strategies aligned with Section 35. Through real-world examples, applied exercises, and guided explanations, trainees develop the skills needed to prepare accurate financial statements, assess the impact of transition adjustments, and ensure full compliance. The program also emphasizes the importance of internal controls, documentation quality, and collaboration across finance functions. By the end of the training, participants will have the knowledge and confidence to apply IFRS for SMEs efficiently, support organizational reporting objectives, and contribute to improved financial clarity and performance.

• Understand the structure and purpose of IFRS for SMEs
• Apply recognition and measurement rules across key sections
• Implement transition requirements under Section 35
• Prepare financial statements compliant with IFRS for SMEs
• Analyze differences between full IFRS and IFRS for SMEs
• Identify required disclosures and presentation principles
• Strengthen internal controls for SME reporting
• Evaluate practical reporting challenges and apply solutions
• Support organizational financial transparency and compliance

• Finance professionals
• Accountants and auditors
• SME owners and finance managers
• Financial reporting specialists
• Compliance and governance officers
• Students and trainees in accounting fields

• Improved compliance with IFRS for SMEs
• Enhanced financial clarity and reporting consistency
• Reduced risk of misstatements during transition
• Strengthened internal controls and documentation processes
• Better financial decision-making based on reliable information
• Increased trust from stakeholders and investors

• Practical understanding of IFRS for SMEs application
• Confidence in managing transition requirements
• Improved financial reporting and analytical skills
• Ability to produce compliant, high-quality statements
• Strengthened professional competence and employability
• Enhanced ability to support SME financial operations

Duration: 5 days
Format: Classroom / Online / Blended