Anybody to tell me;
there are separate IFRSs for SMEs.
Is there any predefined criterion for an organization to be SME?
what is the differentiating line to be SME and to be otherwise?
is the criterion in terms of;
a. capital invested?
b. revenue generation?
c. human resource employed?
or any thing else?

The IASC Foundation is developing 35 stand-alone training modules – one for each section of the IFRS for SMEs. The modules are free-to-download. The training material has been subject to multi-level peer review. It has not been approved by the IASB. Modules are related to:
- Small and Medium-sized Entities
- Financial Statement Presentation
- Statement of Financial Position
- Statement of Comprehensive Income and Income Statement
- Notes to the Financial Statements
- Accounting Policies, Estimates and Errors
- Inventories
- Investment Property
- Property, Plant and Equipment
- Government Grants
- Borrowing Costs
- Events after the End of the …

IASB has just published on iasb.org website january’s newsoletter containing useful updates about IFRS Light (SMEs).
The main items contained in this newsletter are the following:

Title of standard| From “IFRS for SMEs” to “IFRS for private entities”, but IASB announced that the final definition of this standard is “IFRS for non-publicly accountable entities” or IFRS for NPAEs 
Complex accounting policy option 
Consolidation
Goodwill and other indefinitive-life intangible assets
Financial Instruments
Special Purpose Entities (SPE) 
Measurement of post-acquisition income

I suggest you to visit the below mentioned link to find useful updates about IFRS for Small and Medium Sized …