The International Reporting Standards (IFRS) has published a guidance on the IFRS for the SMEs Standard on 14 December 2017. The guidance was developed by the SME Implementation Group.
This guidance is in the form of a question-and-answer document (Q&A) and advises how an issuer should account for financial guarantee contracts. The Q&A guidance is the first to be published since the revised IFRS for SMEs Standard was completed in May 2015.
The guidance can be viewed from the IFRS website.
Source: IFRS, 17 December 2017