| Summary: | 碩士 === 國立雲林科技大學 === 會計系碩士班 === 101 === In view of the frequently global business transactions, multinational enterprises need financial information to be useful in their decision-making to facilitate their cross-border investments. This leads to the demand for International Financial Reporting Standards (IFRSs). Taiwan has gradually adopts the international generally accepted accounting principles in two stages. Listed and OTC companies have been required to apply IFRSs to their preparation of financial statements since 2013. Other public companies will adopt the IFRSs in 2015. In contrast, mainland China adopted IFRSs a few years before Taiwan. According to the Ministry of Economic Affairs (MEA), presently, there are over hundreds of thousands of Taiwanese companies reinvesting in the mainland China. Further, the Small and Medium Administration of MEA report small and medium enterprises (SMEs) account for over ninety five percentage of total companies in Taiwan. Do SMEs need a set of accounting principles similar to public companies? To this, the International Accounting Standard Board issued a set of accounting principles especially for the SMEs in 2009 and names it as IFRSs for SME. This raises the motivation of this study to examine the IFRSs for SME in Taiwan and mainland China. By the archival research and informal interviewing methods, this study suggests that Taiwan should establish SME-specific accounting principles to converge with the IFRSs for SME. With the results, this study conveys implicative information to the regulators, practitioners and academics.
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