Start a conversation ↗

Description

IFRS for SMEs: Positioning the Framework, Adapting Reporting and Tracking Gaps

Position the IFRS for SMEs framework and measure what it genuinely changes in the financial statements

  • 0.43 days — 3 h
  • In-person or virtual
  • Intermediate
  • Up to 6 participants

An SME that is a subsidiary of a foreign group or preparing a funding round is asked to deliver accounts under IFRS for SMEs. The statutory chart of accounts remains the daily reference and no one can state precisely where the divergences lie or how much adjustment work they imply. Discussions with the auditor stall for lack of a shared vocabulary.

Three hours in a virtual classroom to position the IFRS for SMEs framework against the statutory accounts, pinpoint the line items genuinely affected and organise the production of the reporting pack. The short format favours reading the financial statements and identifying gaps rather than an exhaustive study of each standard.

Learning objectives

  • Position the IFRS for SMEs framework in relation to the statutory accounts
  • Identify the balance sheet items affected by adjustments
  • Read a complete set of financial statements prepared under IFRS for SMEs
  • Pinpoint the first-time adoption options to be decided upon
  • Organise the collection of the information required for the notes

What makes this programme different

Guided reading of a complete set of financial statements in three hours
A gap-identification grid provided to every participant
The virtual format allows work on the specific line items each participant raises

Programme

1Positioning the IFRS for SMEs framework

Knowing what you are committing to

  • Position the framework within the wider body of IFRS
  • Identify the entities concerned and the reasons for transition
  • Distinguish statutory accounts from reporting accounts
  • Pinpoint the simplifications compared with full IFRS

2The line items that change

Targeting the adjustment effort

  • Property, plant and equipment and depreciation
  • Inventories and contracts in progress
  • Provisions and employee benefit obligations
  • Common financial instruments
  • Deferred tax

3Producing and presenting the reporting pack

From adjustment to published statements

  • Build the expected set of financial statements
  • Populate the notes from the data available
  • Organise the timetable with the parent company
  • Prepare discussions with the auditor

Who is it for

Accounting managers and consolidation officers in SMEs that are subsidiaries of foreign groups · practice professionals required to produce reporting under IFRS for SMEs.

Prerequisites

Practical experience of general accounting and familiarity with the structure of financial statements.

Dates & locations

12 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.