Journal of Accounting and Management Information Systems (JAMIS)


Implementation of IFRSs and IFRS for SMEs: the case of Estonia

Vol. 13, Nr. 2/2014 ,   p236..258

Author(s):  
Lehte ALVER
Jaan ALVER
Liis TALPAS


Keywords:   Estonia, implementation of IFRS, implementation of IFRS for SMEs, new EU Accounting Directive

Abstract:  
Thispaper gives an overview of prior writings published by Estonian researchersthat have analyzed the development of Estonian accounting legislation andfinancial reporting and potentially contributes to the understanding ofEstonian international financial reporting standards’ implementation issues. The authors have analyzedthe history of Estonian accounting legislation from 1990 until 2013 and have divided the integration of Estonian accounting system to theframework of IFRSs into two stages: 1) implementation of IFRSs, and 2)implementation of the IFRS for SMEs. The paper also analyzes the possible changesthe new European Union Accounting Directive will bring to the Estonianaccounting framework. As a methodological technique literature review anddocument analysis are used,including bachelor and master thesis and papers written bythe Estonian researchers. In conclusion, it may be said that the implementation of IFRSs and IFRS for SMEs inthe form of the Estonian good accounting practice (EGAP) has been smooth andsuccessful in Estonia.


Download:   http://online-cig.ase.ro/jcig/art/13_2_3.pdf

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