desiring relief from the onerous reporting requirements of GAAP. The AICPA now recognizes the International Accounting Standards Board’s (IASB) recently released International Financial Reporting Standard for Small and MediumSized Entities (IFRS for SMEs)‚ as an official set of accounting standards to be audited against. Now that separate accounting principles designed specifically for small businesses exist‚ how will it be received by CPAs? Will small businesses and their accountants change their
Premium International Financial Reporting Standards Financial statements Public company
SMEs Communication Development What is SMEs? ‘ The category of micro‚ small and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding 50 million euro‚ and/or an annual balance sheet total not exceeding 43 million euro.’ (Definition‚ 2011) Above explained is the new definition reconstructed by European Commission based on the developments to business environment. This was published in the year 2005 in their
Premium Customer Communication Customer service
the length of the relationship‚ impact of firms having multiple relationships impact of distance from the lender consolidation and the role of de novo banks effects of deregulation and technology innovations of RL relationship lending issue for SMEs future of relationship lending Some empirical evidences from the literature De novo banks and lending to small businesses -Emperical analysis.pdf EQUILIBRIUM LOAN PRICING AND THE BANK-Relationship.pdf FURTHER EVIDENCE ON THE BANK LENDING PROCESS
Premium Debt Credit
Sized Enterprises (SMEs)‚ ICT can be used as a business tool to reduce costs‚ create stronger links with customers‚ create innovations and facilitate market niche. Ongori (2009) also states that SMEs are compelled to adopt ICT in their business processes in order to cope with the challenges in the business environment. Thus‚ this paper intends to identify some drivers for ICT adoption amongst 25 SMEs in Nigeria. The paper is drawn from on-going PhD research. Keywords: Drivers‚ ICT‚ SMEs‚ Adoption‚ Nigeria
Premium Case study Small business Information technology
responsibility and initiative to ensure the whole industry is practicing green initiative to reduce environmental impact? Is that the market leader‚ government or consumers’ responsibility? Hence‚ this study will look into the barriers that affecting SMEs to participate in green supply chain initiative in the local context. As the global climate has changed rapidly due to global warming‚ manufacturing and production process are viewed as the culprits in harming the environment‚ in the form of waste
Premium Supply chain management
Characteristics of SME’s Marketing Marketing is regarded as relevant to both large and small organisations and basic marketing principles are seen to apply to both of them. It plays a significant role for SMEs as it is essential to the survival and growth of the enterprises but in the same time it is the biggest problem which owner-managers face in their business operations. Chaston (2000) says that truly entrepreneurial firms have a distinctively different approach to marketing which he
Premium Marketing
_id=555&local_details=1&local_details1= (accessed November 1‚ 2012). (accessed October 25‚ 2012). Jordan‚ 2011: 1-30. http://www.oxfordbusinessgroup.com/economic_updates/jordan-venturing-smes (accessed October 29‚ 2012). Prentice Hall‚ 2009. GREEN-TAS‚ 2006: 4-26. http://www.oxfordbusinessgroup.com/economic_updates/jordan-finding-financing-smes (accessed October 28‚ 2012). (accessed October 20‚ 2012). http://data.worldbank.org/indicator/SP.POP.GROW (accessed October 29‚ 2012). http://corporate.westernunion.com/index
Premium Marketing
medium-sized enterprises (SME) have been a key driving force in the booming Chinese economy. In 2004‚ SMEs contributed 68.8 percent to the nation’s gross industrial output. iResearch estimated that the number of SMEs in China would rise from 31.5 million in 2006 to 50 million in 2012 (see Exhibit 1).1 Out of these 31.5 million Chinese SMEs‚ a mere 8.8 million‚ or 28 percent‚ utilized third-party B2B (business-to-business) e-commerce platforms. With the Chinese government encouraging SMEs to use third-party
Premium Marketing Electronic commerce Customer service
Revolution in developed and developing countries have shown that small and medium enterprises are the driving force of industrial and economic development. This paper examines impact of the role played by micro finance banks MFBs) in promoting the growth of SMEs in Nigeria. An empirical study was carried out using Garu Micro Finance bank in Bauchi‚ Bauchi State being one of the most successful Micro Finance Banks in North East sub region to determine impact of the role of MFBs in promoting small and medium
Premium Poverty Microfinance Bank
Journal of Commercial Bank Lending‚ pp.3-9. Dunkelberg‚ W.C.‚ Scott‚ J.A‚ Cox‚ E.L (1984)‚ "Small business and the value of bank-customer relationships"‚ Journal of Bank Research‚ pp.248-58. File‚ K.M‚ Prince‚ R.A. (1991)‚ "Sociographic segmentation: the SME market and financial services"‚ International Journal of Bank Marketing‚ Vol. 9 No.3‚ pp.3-8. Grant‚ M.J. (1986)‚ "Update: small businesses and the banks"‚ Canadian Banker‚ Vol. 93 No.2‚ pp.12-16. Hon‚ K.Y‚ Tom‚ G (1994-95)‚ "How the Chinese select
Premium Bank