Q&A document on the introduction of IFRS for SMEs

The group for the introduction of IFRS for small and medium-sized entities (SMEs), the SME Implementation Group, supports the IASB by developing guidelines. On 14 December 2017, a Q&A document was issued on the accounting treatment of financial guarantee contracts issued by a parent company. The document deals with the accounting treatment in the separate financial statements of the parent company and can be downloaded from the IASB website.