SME

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IASB seeks feedback on proposed changes to SMEs Accounting Standard

The International Accounting Standards Board (IASB) recently proposed amendments to the IFRS for SMEs Accounting Standard, aiming to assist small- and medium-sized entities (SMEs) in addressing international tax reform. This marks the first instance where the IASB has suggested urgent amendments to the Standard outside of its regular review process.

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ItalySMEXBRL

New Italian legislation requires XBRL filing for subsidised loans

By Editor

Credit consortia in Italy are now able to grant subsidised loans to SMEs in all economic sectors – with the subsidised credit coming with an XBRL filing obligation.

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ESGIFACSmall BusinessSMESustainability

IFAC on sustainability information for small businesses

By Editor

The International Federation of Accountants (IFAC) has recently published a report highlighting the benefits of measuring, using and reporting sustainability information for small businesses and their advisers.

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DigitisationReportingSingaporeSME

Singapore makes SME Reporting a breeze

By Editor

Smaller companies in Singapore are looking at a 90% reduction in time spent filing returns thanks to a new software partnership that aims to automate filing for companies with simple financials.

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AccountingSME

Key COVID-19 crisis strategies for accountants… and lots of businesses

By Editor

The COVID-19 pandemic has brought on fast and dramatic changes that have been challenging for people and businesses at all ends of society and the economy. Small businesses, in particular, are facing unique pressures as populations self-isolate. Accountancy Europe has created a useful guide for accountants looking to help their Small and Medium Enterprise (SME) […]

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FinanceOpen DataSME

Could Open Data address the SME Funding Gap?

By Editor

Inspired by the early success of Open Banking, in a paper this week the Bank of England(BoE) explores a vision for open data across the whole economy. The Bank thinks it could help close a £22bn funding gap for Small and Medium Enterprises (SMEs) in that country. Data has unique properties that make it more beneficial to access […]

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Big DataGranular dataReportingSME

Data Amplified 2019: Standardised Data to Transform SME Analytics

By Editor

Over the past two days Data Amplified has heard a lot about the use of XBRL for standardisation within enterprises. During the plenary Mr Xie Haibin, Deputy General Manager of Finance at PetroChina, presented on how standardised granular data has been beneficial for PetroChina. Xie demonstrated how using structured transactional data has been crucial for […]

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Business RegistryCentral BankEuropeSMESpain

Standardised Credit Scores for Spanish SMEs put into effect

By Dave Nitchman

The Bank of Spain has put into effect regulations for providing a standardised bank credit score to SMEs. The score is based on XBRL company filings from the business registrar combined with benchmark data about the performance of the relevant individual business sector from ECCBSO.

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RussiaSecuritiesSME

Using Structured Data to Meet Strategic Objectives

By Dave Nitchman

Online media portal Russia Today is reporting that the Bank of Russia is planning on simplifying procedures for the issuance of securities by SMEs, including the introduction of XBRL. The intention is to improve the bond market by cutting costs and improving the flow of information to investors. The CBRF also plans legislation changes to improve overall handling […]

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AustraliaSBRSMETax

Small Firms Benefiting from SBR

By Dave Nitchman

A guest editorial in The Age newspaper details red tape reduction efforts that will be of particular benefit to small and medium sized businesses. In addition to reducing tax filing requirements outright for almost 500.000 businesses, the article stresses the efforts of the Australian government’s use of Standard Business Reporting to reduce paperwork burdens, freeing […]

Items tagged with "SME"

IASB seeks feedback on proposed changes to SMEs Accounting Standard

New Italian legislation requires XBRL filing for subsidised loans

IFAC on sustainability information for small businesses

Singapore makes SME Reporting a breeze

Key COVID-19 crisis strategies for accountants… and lots of businesses

Could Open Data address the SME Funding Gap?

Data Amplified 2019: Standardised Data to Transform SME Analytics

Standardised Credit Scores for Spanish SMEs put into effect

Using Structured Data to Meet Strategic Objectives

Small Firms Benefiting from SBR

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SME

Items tagged with "SME"

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