The Road to IFRS – A Practical Guide to IFRS 1 and First-Time Adoption

IFRS 1 covers the application of IFRSs in a company’s first IFRS financial statements. This Grant Thornton report summaries the main principles of IFRS 1and discusses more practical issues when a company first applying IFRS.
  • IFRS 1 principles in brief


  • Opening statement of financial position


  • Exemptions from full retrospective application


  • Presentation and disclosure 




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