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Workshop on IFRS for SMEs in Almaty, Kazakhstan

9-13 January 2012

The World Bank Centre for Financial Reporting Reform (CFRR) and the IFRS Foundation held a second workshop on the International Financial Reporting Standard for small- and medium-sized entities (IFRS for SMEs) in Almaty, Kazakhstan on 9-13 January 2012. The workshop was organized as part of the Joint Economic Research Program (JERP) and had the objective of familiarizing a wider group of accounting specialists and policy-makers with the IFRS for SMEs. In addition, participants would be equipped with the resources to pass on their knowledge of the standard to their colleagues and students. About 100 participants, drawn mainly from professional accounting bodies and government officials attended the workshop.

To the JERP program page

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Workshop on IFRS for SMEs in Kazakhstan



The workshop was opened by Arman Tuleuov, the head of the department of accounting and auditing in the Ministry of Finance, who outlined the workshop’s objectives and explained the government’s approach to the issue of whether Kazakhstan should adopt the IFRS for SMEs. Michael Wells from the IFRS Foundation and Andrei Busuioc, from the World Bank CFRR then conducted the workshop.

The first day of the workshop outlined the main elements of IFRS and, in particular, the conceptual framework which underpins both the full system of IFRS and the IFRS for SMEs. At the end of the first day, Mr Wells summarized the main elements of the IASB’s current work program, including the development of the new standard for financial instruments (IFRS 9) and the convergence program, designed to reduce the differences between IFRS and the US financial reporting standards (US GAAP).

The rest of the workshop was devoted to a detailed exposition of all the main elements of the IFRS for SMEs reporting standard, covering the scope and concepts of the standard, the treatment of revenue, financial instruments, assets and liabilities, the presentation of financial statements and how the standard dealt with issues of consolidation, foreign operations and business combinations. Each presentation session was followed by a case study to illustrate how the reporting standard was applied in practice and an informal quiz to test participants' understanding of the issues, as well as question and answer sessions. At the end of the workshop, there was a final test organized by the Ministry of Finance so that participants could assess how well they had mastered the material as a whole.

The materials used in the workshop can be found in the download section of this page in English and Russian.

Materials (English)

Presentations for download

Right click or option-click the link and choose "Save As..." to download these files.

Materials (Russian)

Presentations for download

Right click or option-click the link and choose "Save As..." to download these files.

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