IFRS 1: First-time Adoption of International Financial Reporting Standards

Overview

The main purpose of IFRS 1 is to ensure that the entity’s financial statements' firstly adopted IFRS contains high quality information for the benefit of users of Financial Statement by being transparent, comparable, and provide a sustainable starting point for the entity's accounting.

Objectives

Upon completion of this IFRS, learners will be able to:

  • Recognize and Measure IFRS 1
  • Understand the exemptions of IFRS 1

Modules

(a) IFRS 1 Introduction Summary


  1. KLiPs 
     

(b) IFRS 1 Full Standard (Subscription Required)


  1. IFRSbox
     

  2. IFRS.org
     

(c) IFRS 1 Recap

  1. IFRS 1 Explained [13:18]
  2. IFRS 1 Quick Summary [03:43]
  3. How to use IFRS 1 and IAS 1 in presentation of financial reporting [14:23]
   
IFRS 1 Explained [13:18]
     
IFRS 1 Quick Summary [03:43]
 
 How to use IFRS 1 and IAS 1 in presentation of financial reporting [14:23]

   

 

 

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KLP LLP is a chartered accounting firm, serving over 400 clients from a range of industries locally, and across the region. Our clients include SMEs and listed companies.

ADD: 13A Mackenzie Road, Singapore 228676

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