Accounting and Financial Reporting Guidelines for Small and Medium- Sized Enterprises: Level 3 Guidance
The SMEGA Level 3 Guidance is designed for financial statements of smaller enterprises that are often owner to managed and have no or few employees. Such enterprises should generally follow a simplified accruals to based accounting system that is closely linked to cash transactions. The SMEGA Level 3 Guidance is intended to meet the needs of users and preparers of financial statements for these enterprises.