Fair Value Adjustment and Mid-sized companies: Difference between pages

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''Financial reporting''.
Smaller, large companies.


(FVA).
Often firms are classified as small, medium or large. Different definitions of the categories apply for different purposes, in different jurisdictions and in formal and informal use.


Accounting adjustments to mark the fair value of an asset or liability to the price that would be received to sell an asset, or paid to transfer a liability.  
A common grouping is [[Small and Medium-sized Enterprises]] (SMEs). They may benefit from easier financial reporting requirements, tax provisions or eligibility for various government-provided support.


Most firms are small, some are medium-sized and few are large. But the size of firms in the large category vary greatly. It has become useful to distinguish smaller large companies for some purposes.


== See also ==
For example, in European Union usage, SMEs do not exceed €43m in turnover while large companies turn over many billions. Opportunities of many kinds vary materially with a firm's size, for example, the available range of investment and financing opportunities.
* [[Fair value]]
* [[Hedge accounting]]
* [[IAS 32]]
* [[IAS 39]]
* [[IFRS 9 hedge accounting reforms: a closer reflection of risk management?]]
* [[IFRS 13]]
* [[Impairment]]


[[Category:Accounting,_tax_and_regulation]]
In the UK, the idea of Mid-sized companies, with turnover of up to £500m and of Mid-sized companies with up to £1bn turnover has developed. By 2015 the idea of mid-size was taken up by some authors in euro-terms as a broad Mid-sized company range up to €1.2bn turnover.
 
No doubt terminology will continue to develop until its use in law and regulation makes further change more difficult or confusing.
 
[[Category:The_business_context]]

Revision as of 07:05, 11 August 2015

Smaller, large companies.

Often firms are classified as small, medium or large. Different definitions of the categories apply for different purposes, in different jurisdictions and in formal and informal use.

A common grouping is Small and Medium-sized Enterprises (SMEs). They may benefit from easier financial reporting requirements, tax provisions or eligibility for various government-provided support.

Most firms are small, some are medium-sized and few are large. But the size of firms in the large category vary greatly. It has become useful to distinguish smaller large companies for some purposes.

For example, in European Union usage, SMEs do not exceed €43m in turnover while large companies turn over many billions. Opportunities of many kinds vary materially with a firm's size, for example, the available range of investment and financing opportunities.

In the UK, the idea of Mid-sized companies, with turnover of up to £500m and of Mid-sized companies with up to £1bn turnover has developed. By 2015 the idea of mid-size was taken up by some authors in euro-terms as a broad Mid-sized company range up to €1.2bn turnover.

No doubt terminology will continue to develop until its use in law and regulation makes further change more difficult or confusing.