Wiley Financial Reporting Framework for Small and Medium-Sized Entities: Interpretation and Application

Wiley Financial Reporting Framework for Small and Medium Sized Entities: Interpretation and Application, is a less complicated and less costly system of accounting for small to medium sized entities, a cost-beneficial solution for owner-managers and others who need financial statements prepared in Financial Reporting, covering cash basis, modified cash basis, tax basis, regulatory basis, contractual basis and other bases of accounting. The book provides a walkthrough of the standards, implementation guidance in the form of examples, illustrative financial statements, illustrative disclosures checklist, and similar tools. It also includes highlights of major differences with GAAP.