Financial statements must be clear, accurate, and follow IFRS for SMEs. They should reflect the true financial position of a business and include key reports like the balance sheet, income statement, and cash flow statement. Consistency, transparency, and proper labeling help ensure reliability for investors and stakeholders.

Investment property under IFRS for SMEs refers to land or buildings held for rental income or capital appreciation. The standard outlines how to recognise, measure, and disclose investment property in financial statements. Properties can be measured at fair value if reliably measurable or at cost if not. Mixed-use properties require classification based on usage. Leased properties can be treated as investment property under specific conditions. Proper accounting ensures transparency and accurate financial reporting for SMEs.