IFRS for SMEs–Module 8: Notes to the financial statements central theme of this essay has been very useful to establish the presentation parameters of the financial statements and the notes that must accompany them, for greater compression and better use of The accounting information.

We will also cover its history that begins in the 50s to 60s; the definition of SMEs that is nothing more than a set of small and medium enterprises that are measured according to the volume of sales, share capital and the number of people employed. Its beginnings in Panama is Resolution No. 30 - 2010 of October 28, 2010 where the technical accounting board approved the adoption of this IFRS and we will define its scope, structure and comparison of the complete IFRS with the IFRS for SMEs.