IFRS för SMV: Finns det incitament för ett införande i Danmark?

Nina Jeanette Westersten & Mattias Gustaf Erik Olofson

Student thesis: Master thesis


Already when the International Accounting Standards Board (IASB) was founded, the need for an international accounting standard for small and medium-sized entities (SME) was identified. The need led to a discussion paper which was published in 2004 in which the accounting profession was asked to contribute with their input. The final SME-standard was released in July 2009. Due to the relatively short amount of time from the release of the final version of the standard, to the work with this master thesis begun, the reception of the SME-standard is yet to be unfolded. This master thesis, however, tries to answer the question if an incentive can be found to implement the SME-standard for small and medium-sized entities in Denmark. To be able to answer that question, this master thesis takes a theoretical and empirical view on; the definition of the concept of SME’s, the need and incentive of implementation of the standard in regards to a cost/benefit perspective and the differences between the SME-standard, IFRS and the local Danish GAAP (ÅRL). The empirical data is acquired via interviews with persons with the necessary involvement in the Danish accounting profession. The theoretical data is collected as secondary data from articles, books and public documents from IASB. The analysis of the collected data shows that it is unclear how big impact the SME-standard will have in Denmark, but the most probable scenario is that the standard will not have a big impact in the short run, but might challenge the local GAAP in the long run as the most preferred accounting standard for SME’s. How fast this process will be is, however, dependant on a number of things, for example the size of the company and their stakeholder’s. The conclusion of this master thesis is that for smaller companies in the SME-segment, with no international relations, the cost of implementing and following the standard exceeds the benefits related to the implementation of the SME-standard. For bigger companies in the SME-segment with more complex and international transactions there are on the other hand identified a greater benefit than cost regarding to the comparability of the financial reporting. This means that some companies in the SME-segment will benefit from the new standard when international comparability is the goal. For companies who plan a stock exchange implementation or see the SME-standard as a step towards IFRS the conclusion is that these companies will benefit from a direct implementation of IFRS instead.

EducationsMSc in Auditing, (Graduate Programme) Final Thesis
Publication date2009
Number of pages105