4123 | On Demand | Basic | Self-Study
First-Time Adoption of IFRS (IFRS 1)
Friday, May 1, 2020 - Friday, April 30, 2021
This self study course addresses the requirements of IFRS 1, First-Time Adoption of International Financial Reporting, including requirements, purpose, and exemptions.
Determine whether an entity qualifies as a first-time adopter of IFRS Identify the date of transition to IFRS Identify mandatory and optional exemptions under IFRS 1. Recall the disclosures requried by IFRS 1
Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS
Purpose and scope Transition Exemptions Transactions (for example, share-based payments; leases; foreign currency translation differences; and investments in subsidiaries, associates, and joint ventures) Disclosure requirements