New webcasts support third edition of IFRS for SMEs
The International Accounting Standards Board (IASB) has released a series of webcasts to help small and medium-sized enterprises (SMEs) apply the recently updated IFRS for SMEs Accounting Standard. The third edition of the Standard, published in February 2025, is effective for reporting periods beginning on or after 1 January 2027, with early application permitted.
The webcast series complements existing educational modules and explains the main updates. Topics include amendments to Section 11 on financial instruments, new disclosure requirements for cash flow statements, and a revised Section 2 on concepts and pervasive principles, which aligns with the IASB’s 2018 Conceptual Framework.
The IFRS for SMEs Standard was first issued in 2009 and is designed to balance the needs of lenders and users of SME financial statements with the resources available to smaller businesses.
Access the full set of webcasts and materials on the IFRS website.
