The IFRS Foundation has published a suite of fresh educational resources to help stakeholders learn, apply and implement the third edition of the IFRS for SMEs Accounting Standard.
The available educational resources include 11 modules, five webcasts and three podcast episodes.
Educational modules
- Module 1 Small and Medium-sized Entities
- Module 2 Concepts and Pervasive Principles
- Module 7 Statement of Cash Flows
- Module 9 Consolidated and Separate Financial Statements
- Module 11 Financial Instruments
- Module 12 Fair Value Measurement
- Module 15 Joint Arrangements
- Module 19 Business Combinations and Goodwill
- Module 23 Revenue from Contracts with Customers
- Module 28 Employee Benefits
- Module 35 Transition to the IFRS for SMEs Accounting Standard
The modules provide explanations and examples to improve understanding of the requirements in the Standard, identify the significant judgement applied in applying those requirements and include comparison with the requirements in full IFRS Accounting Standards.
Webcasts
- Overview of the third edition of the IFRS for SMEs Accounting Standard—outlines the changes in third edition of the Standard.
- Overview of the new Section 2 Concepts and Pervasive Principles—explains how the revised section aligns with the Conceptual Framework.
- Overview of amendments to Section 7 Statement of Cash Flows—outlines the new disclosure requirements.
- Overview of amendments to Section 11 Financial Instruments—outlines the revised amendments.
- Overview of the new Section 12 Fair Value Measurement—explains the requirements for measuring and disclosing information about fair value.
Podcasts
- Episode 1 of the IFRS for SMEs Accounting Standard podcast series outlines the key updates to the Standard, the IASB’s approach to updating the Standard, and engagement with stakeholders throughout the review process.
- Episode 2 of the IFRS for SMEs Accounting Standard podcast series explores the impact of the third edition of the Standard on SMEs and the users of their financial statements.
- Episode 3 of the IFRS for SMEs Accounting Standard podcast series explores an SME investor perspective on the third edition of the Standard.
Other resources
Other resources available to support the implementation of the third edition of the Standard include:
- Project Summary—summarises the second comprehensive review of the Standard that resulted to its third edition;
- Feedback Statement and Effects Analysis—the feedback statement outlines the most important matters stakeholders raised in the comment letters and in other feedback during the second comprehensive review of the Standard and the effects analysis sets out how the IASB has assessed the likely costs and benefits for SMEs and the users of their financial statements of implementing the amendments to the Standard; and
- Marked-up version of the Standard—presents the third edition of the Standard with changes since the second edition of the Standard marked up.
Access the full set of 2025 IFRS for SMEs supporting materials.
