SMEs and a Globally Recognized Financial Reporting Framework

This book discusses financial reporting practices by SMEs of a developing country in the context of an internationally recognized financial reporting framework, the International Financial Reporting Standard for SMEs (IFRS For SMEs). The book: identifies factors determining use of the IFRS for SMEs reporting framework in Zimbabwe; discusses challenges faced by Zimbabwean SMEs in making use of the framework; compares the extent of use of this financial reporting framework in Zimbabwe with the extent of its use worldwide. Finally, the book examines the quality of financial reporting by Zimbabwean SMEs which do not make use of the IFRS for SMEs reporting framework.