17 - Small and medium entities.

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Question		Answer
Small and medium sized entity (SME) is an entity that: 2cz start learning		Doesn't have public accountability \| and publishes general purpose FSs for external users.
The IFRS for SMEs Standard was issued for use by entities that have no public accountability. This standard reduces... 2cz start learning		reduces the burden of providing information \| that is not likely to be of interest to the stakeholders of a small or medium company.
Omissions from the SMEs Standard. # benefits start learning		Interim reporting. \| Operating segments. \| Assets-held-for-sale. \| EPS. IOAE - Igrzyska Olimpijskie AE
The NCI at the acquisition date CANNOT be measured at... start learning		at FV.
The revaluation model CANNOT be used for... Disallowed treatments in the SMEs Standards [2/3] start learning		for intangible assets.
The cost model of investment property is ONLY used if... Disallowed treatments in the SMEs Standards [3/3] start learning		the FV cannot be determined reliably.
Borrowing costs are always... accounting treatment start learning		expensed to SPL.
Depreciation and amortisation methods do NOT need to be... Simplifications in the SMEs Standards. start learning		reviewed annually.
Goodwill is amortised over its useful life. If the useful life cannot be reliably established then... simplifications start learning		then an ESTIMATE of 10 years or less should be used.
Cumulative exchange differences are NOT recycled to PoL on the disposal of ... subsidiary. simplifications start learning		an overseas subsidiary.
Simplified techniques are permitted when measuring ... obligation. simplifications start learning		defined benefit obligation

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