Financial reporting leads to cost reduction and better A credit entry large majority of Dutch mobsters believes that financial reporting resulting in cost reduction (72 percent), simplification (67 percent) and transparency (63 percent). Dutch entrepreneurs are thus more optimistic than the European and global average at those points.
Evidenced in the latest International Business Report 2010 by Grant Thornton. Almost half (49 percent) of participants believe that financial reporting The DutchSoyCoalition access to credit improves.
Entrepreneurs in 36 countries were also asked whether they are familiar with IFRS for SME (Small and Medium Enterprises), the new international standard for financial reporting. This greatly simplified standard is only one tenth of the normal IFRS extent to which the listed businesses typically face.
Almost three quarters (73 percent) of the Dutch mobsters indicates familiar with IFRS for SME. About half (49 percent) of that group is in favor of adoption, one third (37 per cent) are opposed.
Worldwide, just over half familiar with IFSR for SME Research (53 percent), more than half are in favor of adoption (52 percent) and less than one third (28 percent) rejects the
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