Having a common language about financial information is important for doing business.
Embodied in the International Financial Reporting Standards (IFRS) set by the International Accounting Standards Board (IASB), the benefits of converting to IFRS include greater comparability of financial reporting across borders and capital markets, and creating greater transparency for investors.
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The purpose of this publication is to assist in preparing the financial statements of an investment fund in accordance with IFRSs. It illustrates one possible format of financial statements for fund-specific entities based on a fictitious tax-exempt open-ended single-fund investment company. This publication focuses on disclosure requirements that are specific to funds' activities.
This publication brings together all of the individual overview sections in our publication Insights into IFRS KPMG's practical guide to International Financial Reporting Standards, 7th Edition 2010/11.
This publication provides a general overview of the requirements of the IFRS for SMEs. It also includes discussion on the scope and applicability, considerations for entities contemplating the adoption of the standard and a comparison of the IFRS for SMEs requirements to full IFRSs.
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