{"product_id":"ifrs-for-smes-2025","title":"IFRS for SMEs® Accounting Standard (2025, Third Edition)","description":"\u003ch3\u003e\u003cstrong\u003eIssuer\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eInternational Accounting Standards Board (IASB), IFRS Foundation (Issuer)\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 9781915712271\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003ePublished:\u003c\/strong\u003e February 2025\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eFormat:\u003c\/strong\u003e Paperback, 2 volumes (sold as one set)\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eLanguage:\u003c\/strong\u003e English\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003ePublisher:\u003c\/strong\u003e IFRS Foundation\u003c\/p\u003e\n\u003ch3\u003e\u003cstrong\u003eDescription\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eThe \u003cem\u003eIFRS for SMEs® Accounting Standard\u003c\/em\u003e is the only official print edition of the third edition of the Standard, issued by the International Accounting Standards Board (IASB) in February 2025. It replaces the edition published in 2015 and is presented as a two-volume set: the \u003cem\u003eIFRS for SMEs Accounting Standard\u003c\/em\u003e itself, and the \u003cem\u003eBasis for Conclusions and Illustrative Financial Statements\u003c\/em\u003e.\u003c\/p\u003e\n\u003cp\u003eThe Standard is derived from full IFRS Accounting Standards and tailored for companies without public accountability that publish general purpose financial statements. It balances the information needs of lenders and other users of SMEs’ financial statements with the resources available to SMEs. The third edition is effective for annual reporting periods beginning on or after 1 January 2027, with early application permitted — making 2025–2026 the window in which preparers, auditors and educators need to study the changes and plan the transition.\u003c\/p\u003e\n\u003ch3\u003e\u003cstrong\u003eKey Features\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eOfficial English print edition of the third edition of the IFRS for SMEs Accounting Standard, issued by the IASB.\u003c\/li\u003e\n\u003cli\u003eComplete two-volume set: the Standard plus the Basis for Conclusions and Illustrative Financial Statements.\u003c\/li\u003e\n\u003cli\u003eIncorporates the outcomes of the IASB’s comprehensive review, including a new section on fair value measurement and an updated revenue model.\u003c\/li\u003e\n\u003cli\u003ePractical application: a reference for preparing first financial statements under the revised Standard, effective 1 January 2027.\u003c\/li\u003e\n\u003cli\u003ePractical application: a basis for audit firms and advisers to assess the impact of the revised sections on revenue, financial instruments and business combinations for SME clients.\u003c\/li\u003e\n\u003cli\u003ePractical application: a teaching text for university courses and professional training programmes on SME financial reporting.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003e\u003cstrong\u003eCoverage\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eMain changes since the 2015 edition:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eSection 2 Concepts and Pervasive Principles\u003c\/li\u003e\n\u003cli\u003eSection 9 Consolidated and Separate Financial Statements\u003c\/li\u003e\n\u003cli\u003eSection 11 Financial Instruments (combining the previous Sections 11 and 12)\u003c\/li\u003e\n\u003cli\u003eSection 12 Fair Value Measurement (a new section)\u003c\/li\u003e\n\u003cli\u003eSection 19 Business Combinations and Goodwill\u003c\/li\u003e\n\u003cli\u003eSection 23 Revenue from Contracts with Customers\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003e\u003cstrong\u003eAbout the Authors\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eThe International Accounting Standards Board (IASB) is the independent standard-setting body of the IFRS Foundation, a not-for-profit, public interest organisation responsible for developing IFRS Accounting Standards, including the IFRS for SMEs Accounting Standard.\u003c\/p\u003e\n\u003ch3\u003e\u003cstrong\u003eTable of Contents\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eVolume 1 — IFRS for SMEs Accounting Standard\u003c\/li\u003e\n\u003cli\u003eVolume 2 — Basis for Conclusions and Illustrative Financial Statements\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003e\u003cstrong\u003eWhy buy this book?\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eBecause it is the authoritative, official text of the revised IFRS for SMEs Accounting Standard in English. With the effective date of 1 January 2027 approaching, accounting firms, finance departments, universities and professional libraries need the complete printed set — Standard and Basis for Conclusions together — as a permanent desk reference that does not depend on online subscriptions. It is also the natural companion to the Spanish edition, \u003ca href=\"https:\/\/clnzbooks.com\/products\/norma-niif-pymes-2025\" style=\"color: #0077b6;\"\u003e\u003cstrong\u003eNorma NIIF® para las PYMES\u003c\/strong\u003e\u003c\/a\u003e, and to the full \u003ca href=\"https:\/\/clnzbooks.com\/collections\/ifrs-accounting-standards-2\" style=\"color: #0077b6;\"\u003e\u003cstrong\u003eIFRS \u0026amp; Accounting Standards collection\u003c\/strong\u003e\u003c\/a\u003e at CLNZ Books.\u003c\/p\u003e\n\u003ch3\u003e\u003cstrong\u003eKeywords\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eIFRS for SMEs, IFRS for SMEs 2025, third edition, IFRS for SMEs Accounting Standard, SME financial reporting, IASB, IFRS Foundation, fair value measurement, revenue from contracts with customers, financial statements\u003c\/p\u003e\n\u003ch3\u003e\u003cstrong\u003eTarget Audience\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eAccountants, Auditors, CFOs, Financial controllers, Accounting academics, University libraries, Professional libraries\u003c\/p\u003e\n\u003ch3\u003e\u003cstrong\u003eGenre\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eAccounting, International accounting, International Financial Reporting, Finance, Professional Reference, Business\u003c\/p\u003e\n\u003ch3\u003e\u003cstrong\u003eQ\u0026amp;A\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cstrong\u003eWhen does the third edition of the IFRS for SMEs Accounting Standard take effect?\u003c\/strong\u003e\u003cbr\u003eIt is effective for annual reporting periods beginning on or after 1 January 2027, with early application permitted.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat are the main changes from the 2015 edition?\u003c\/strong\u003e\u003cbr\u003eChanges affect Section 2 (Concepts and Pervasive Principles), Section 9 (Consolidated and Separate Financial Statements), Section 11 (Financial Instruments, combining the former Sections 11 and 12), a new Section 12 (Fair Value Measurement), Section 19 (Business Combinations and Goodwill) and Section 23 (Revenue from Contracts with Customers).\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhich entities can apply the IFRS for SMEs Accounting Standard?\u003c\/strong\u003e\u003cbr\u003eEntities without public accountability that publish general purpose financial statements for external users, such as lenders and creditors.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the two-volume set contain?\u003c\/strong\u003e\u003cbr\u003eVolume 1 contains the Standard; Volume 2 contains the Basis for Conclusions and the Illustrative Financial Statements. Both volumes are sold together as one set.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhere can I buy the IFRS for SMEs® Accounting Standard (2025, Third Edition)?\u003c\/strong\u003e\u003cbr\u003eYou can order it directly from CLNZ Books on this product page: \u003ca href=\"https:\/\/clnzbooks.com\/products\/ifrs-for-smes-2025\" style=\"color: #0077b6;\"\u003eIFRS for SMEs Accounting Standard — CLNZ Books\u003c\/a\u003e. Payment by card, PayPal or international bank transfer; institutional invoicing is available.\u003c\/p\u003e\n\u003ch3\u003e\u003cstrong\u003e📘 Learn more about shipping, delivery times, and returns, see our \u003ca href=\"https:\/\/clnzbooks.com\/pages\/faq-frequently-asked-questions\" style=\"color:#8B0000; text-decoration:underline; font-weight:bold;\"\u003eFAQ here\u003c\/a\u003e\u003c\/strong\u003e\u003c\/h3\u003e\n\u003ch3\u003e\u003cstrong\u003e📦 New to ordering with us? See our \u003ca href=\"https:\/\/clnzbooks.com\/pages\/how-to-order\" style=\"color:#8B0000; text-decoration:underline; font-weight:bold;\"\u003eHow to Order\u003c\/a\u003e guide for payment, shipping, and institutional order options.\u003c\/strong\u003e\u003c\/h3\u003e","brand":"IFRS Foundation","offers":[{"title":"Default Title","offer_id":67968425853002,"sku":"9781915712271","price":220.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0287\/7351\/5338\/files\/IFRS_FOR_SMES.jpg?v=1794511050","url":"https:\/\/clnzbooks.com\/products\/ifrs-for-smes-2025","provider":"CLNZ Books","version":"1.0","type":"link"}