The course examines and breaks down specific standards topic by topic. There are case studies which are based on real-life examples and there are many exercises, multiple-choice questions and sample answers for you to test your knowledge as you progress through the course. This interactive course also includes videos from Bruce Mackenzie, who is part of the IFRS for SME Implementation Group.


1. Scope of the IFRS for SMEs
2. Concepts and pervasive principles
3. Financial statement presentation
4. Group accounting
5. Associates and joint ventures
6. Property plant and equipment
7. Intangible assets
8. Impairments
9. Inventories
10. Provisions, contingencies and events after the end of the reporting period
11. Leases
12. Financial instruments
13. Share-based payment
14. Employee benefits
15. Income tax
16. Revenue
17. Foreign currency and hyperinflation
18. Disclosures
19. Specialised activities
20. Transition to the International Financial Reporting Standards for SMEs


ACCA reserves the right to examine anything contained within the syllabus of the Certificate. This includes knowledge, techniques, principles, theories and concepts as specified in the syllabus and in the examinable documents contained within the syllabuses.

We update the materials, syllabus and the examinable documents once a year to indicate which regulations and legislation could be assessed. The updated syllabuses, examinable documents, materials and assessments are uploaded on the ACCA website in or around 1 January each year.

Regulation issued or legislation passed on or before 31 August annually will be assessed within the certificates from early in January until 31 December of the following year.

Regulation issued or legislation passed in accordance with the above dates may be examinable even if the effective date is in the future. The term '‘issued'’ or '‘passed'’ relates to when regulation or legislation has been formally approved. The term '‘effective'’ relates to when regulation or legislation must be applied to entity transactions and business practices.

The syllabus and materials offer more detailed guidance on the depth and level at which examinable documents will be assessed. The study guide should therefore be read in conjunction with the syllabus and the examinable documents listed within the relevant syllabus.