Abstract

GOMEZ-VILLEGAS, Mauricio. IFRS and MSMEs: accounting challenges for context and productivity. Cuad. Adm. [online]. 2016, vol.29, n.53, pp.49-76. ISSN 0120-3592.  https://doi.org/10.11144/Javeriana.cao29-53.nmrc.

Micro, small and medium enterprises (MSMEs) constitute most of organizations within the global entrepreneurial network. When the international accounting standardization process led by IASB is established, the IFRS-MSMEs comes into existence, a regulation that assumes the focus of IFRS for listed companies. Since the MSMEs do not participate in stock markets, this article examines whether accounting regulation of IASB can promote the preparation of useful accounting and financial information for decision-making and productivity within the MSMEs. The article characterizes the focus and limitations that the international accounting regulation imposes for the information of these enterprises, emphasizing its challenges so that it becomes useful for decision-making and productivity.

Keywords : IFRS for MSMEs; accounting regulations; productivity; MSMEs; financialization.

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