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