The CICA announced late last year a draft version of a new accounting framework for small, owner-managed businesses. The framework is being developed because these types of companies don’t have complex reporting needs like public companies, non-profit organizations, or private companies with significant third party investors or creditors. I haven’t begun working on public company [...]
Tag: OME ↓
Simplified accounting rules for small business
April 1st, 2008 · 4 Comments
Category: Accounting Standards
Tags: Canada, CICA, framework, GAAP, IFRS, OME, SME, standards
