Strathprints logo
Strathprints Home | Open Access | Browse | Search | User area | Copyright | Help | Library Home | SUPrimo

Practitioner views on financial reporting for smaller entities

Reid, Gavin C. and Smith, Julia A. (2007) Practitioner views on financial reporting for smaller entities. Discussion paper. Centre for Research into Industry, Enterprise, Finance and the Firm (CRIEFF), St Andrews, United Kingdom.

[img]
Preview
PDF (strathprints002846.pdf)
strathprints002846.pdf

Download (309kB) | Preview

Abstract

This paper has four purposes. First, to establish the policy background leading to a special financial reporting standard for small firms (FRSSE), aimed at reducing compliance costs. An indirect policy implication of this was that small firms would be stimulated, for example, in terms of start-up rate, performance (including survival rate, and profitability, and growth), and contribution to employment and innovation within the economy. Second, to consider the implications for FRSSE itself on compliance costs, and to ask what forms they may take. Third, to analyse new evidence on adopters and non-adopters of the FRSSE. Fourth, to cast this new evidence into a cost effectiveness framework, to judge whether adopters who engage in upgrading of skills to implement the FRSSE had attained a net benefit as compared to non-adopters. The conclusion, based on this preliminary evidence, is that upgrading of skills to implement the FRSSE has indeed led to a significant net benefit.

Item type: Monograph (Discussion paper)
ID code: 2846
Keywords: small firms, financial reporting, compliance costs, cost-effectiveness, business studies, Social Sciences (General), Accounting, Statistics
Subjects: Social Sciences > Social Sciences (General)
Social Sciences > Commerce > Accounting
Social Sciences > Statistics
Department: Strathclyde Business School > Accounting and Finance
Depositing user: Dr Julia A. Smith
Date Deposited: 01 Feb 2007
Last modified: 21 Jul 2015 11:58
URI: http://strathprints.strath.ac.uk/id/eprint/2846

Actions (login required)

View Item View Item