Upon completion of this module you will be able to define the underlying principle of IFRS 1, classify whether financial statements qualify for first IFRS financial statements or not, distinguish different dates while presenting first IFRS financial statements, identify mandatory exceptions from full retrospective application, identify optional exemptions from full retrospective application, define specified presentation and disclosure requirements.
Topics covered in the e-learning:
- Objectives and scope
- First IFRS financial statements
- Accounting policies
- Mandatory exceptions
- Optional exemptions
- Presentation and disclosure