The IFRS for SMEs Accounting Standard is a self-contained standard designed for entities without public accountability that publish general-purpose financial statements.

In accordance with IFRS 3, the operating result for July 1-December 31, 2024, includes EUR 117 thousand (2023: 136) and for January 1-December 31, 2024, EUR 233 thousand (2023: 359) in depreciation ...

GAAP and IFRS are the two major standards used worldwide. Accounting principles are guidelines companies must follow when recording and reporting accounting transactions. They bring uniformity to ...

The update aims to balance the needs of users of small and midsized entities' financial statements with resources available to SMEs.