... of Small and Medium sized Enterprises, users and user needs of financial reports, accounting and financial reporting standard for Small and Medium – sized Enterprises. Trying to define Small ... distinguish and disclose the very detailed information required by the standard. Is there a need for accounting and financial reporting standard for Small and Medium – sized Enterprises? ... managing the business, existing and potential creditors, and credit rating agencies (Exposure draft of a proposed IFRS for Small and Medium-sized Entities, February 2007). Formal important...