The workshop was conducted by Michael Wells from the IFRS Foundation and Andrei Busuioc, from the World Bank CFRR. The presenters opened the workshop by giving an overview of the main elements of the IFRS for SMEs, emphasizing its close relationship with the full system of IFRS and where the two standards differed. The rest of the workshop was devoted to a detailed exposition of 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.
The materials used in the workshop can be found in the download section of this page in English and Russian.