IFRS 1 - first time adoption of IFRS

IFRS 1 - first time adoption of IFRS

(ifrs-1-first-time-adoption-international-financial-reporting-standards)

The following presentation looks at IFRS 1, First-Time Adoption of International Financial Reporting Standards. This unique standard is generally required once in an entity’s life, when it makes the transition from some national accounting system to IFRS.

By the end of this learning module you will have a better understanding of:

  • The core requirements of IFRS 1 with respect to reporting, comparative and transition dates
  • The application and exemptions to full retrospective application
  • The contents of the first set of financial statements prepared under IFRS
  • Additional disclosure requirements of IFRS 1 with relation to capital maintenance

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price: £30.00 (excludes VAT)
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