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The study explores the financial and legal challenges faced by small and medium-sized enterprises (SMEs) in their market competition and assesses the impact of adopting international financial reporting standards (IFRS) on the quality of their accounting information. It evaluates the extent to which SMEs are prepared to implement these international technology standards and their level of awareness regarding them. Additionally, the research examines the application of these technology standards across various countries and analyzes the resulting outcomes in both developing and developed economies. Findings indicate that SMEs encounter significant obstacles in securing financing, adhering to legal requirements, and competing effectively; however, the adoption of IFRS enhances the accuracy and reliability of accounting data, which in turn fosters greater transparency and increases investor confidence. SMEs exhibit a willingness to embrace international technology standards while facing challenges related to awareness and training. Moreover, variations exist in the application of these technology standards among different countries, as some nations adopt practices that align with local regulations, leading to discrepancies in standard implementation. In light of these insights, the study advocates for the enhancement of professional and educational training programs focused on international technology standards for SMEs, aiming to improve awareness and training for accountants and auditors. It additionally urges governments to implement adaptable legislative measures that enable the integration of international technology standards in a manner that aligns with the unique attributes of the local context. In summary, it advocates for enhancing the involvement of financial institutions in offering financial assistance on favorable terms to bolster the capacity of SMEs to adhere to international technology standards, thereby aiding in the enhancement of their operational efficiency and the augmentation of their competitiveness.

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Economic Transformations and the Application of International Technology Standards for Small and Medium Enterprises (SMEs): A Case Study of Emerging and Developed Economies

  • 章节

  • 发表日期：

    2026年

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  • Nidal Mahmoud Al-Ramahi,
  • Alaa Ahmad Al-Mbaideen,
  • Mahmoud Odeh

摘要

The study explores the financial and legal challenges faced by small and medium-sized enterprises (SMEs) in their market competition and assesses the impact of adopting international financial reporting standards (IFRS) on the quality of their accounting information. It evaluates the extent to which SMEs are prepared to implement these international technology standards and their level of awareness regarding them. Additionally, the research examines the application of these technology standards across various countries and analyzes the resulting outcomes in both developing and developed economies. Findings indicate that SMEs encounter significant obstacles in securing financing, adhering to legal requirements, and competing effectively; however, the adoption of IFRS enhances the accuracy and reliability of accounting data, which in turn fosters greater transparency and increases investor confidence. SMEs exhibit a willingness to embrace international technology standards while facing challenges related to awareness and training. Moreover, variations exist in the application of these technology standards among different countries, as some nations adopt practices that align with local regulations, leading to discrepancies in standard implementation. In light of these insights, the study advocates for the enhancement of professional and educational training programs focused on international technology standards for SMEs, aiming to improve awareness and training for accountants and auditors. It additionally urges governments to implement adaptable legislative measures that enable the integration of international technology standards in a manner that aligns with the unique attributes of the local context. In summary, it advocates for enhancing the involvement of financial institutions in offering financial assistance on favorable terms to bolster the capacity of SMEs to adhere to international technology standards, thereby aiding in the enhancement of their operational efficiency and the augmentation of their competitiveness.