IFRS 1 First-time Adoption of International Financial Reporting Standards
URI: https://gptkb.org/entity/IFRS_1_First-time_Adoption_of_International_Financial_Reporting_Standards
GPTKB entity
Statements (18)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:International_Standard
|
| gptkbp:abbreviation |
gptkb:IFRS_1
|
| gptkbp:appliesTo |
Entities preparing their first IFRS financial statements
|
| gptkbp:category |
accounting standard
|
| https://www.w3.org/2000/01/rdf-schema#label |
IFRS 1 First-time Adoption of International Financial Reporting Standards
|
| gptkbp:issuedBy |
gptkb:International_Accounting_Standards_Board
|
| gptkbp:language |
English
|
| gptkbp:provides |
Exemptions and exceptions to retrospective application
|
| gptkbp:purpose |
Provides guidance for entities adopting IFRS for the first time
|
| gptkbp:relatedTo |
gptkb:International_Financial_Reporting_Standards
|
| gptkbp:replacedBy |
gptkb:SIC-8_First-time_Application_of_IASs_as_the_Primary_Basis_of_Accounting
|
| gptkbp:requires |
Extensive disclosures to explain transition to IFRS
Full retrospective application of IFRS standards with certain exemptions Preparation of an opening IFRS statement of financial position |
| gptkbp:startDate |
2004-01-01
|
| gptkbp:status |
Active
|
| gptkbp:bfsParent |
gptkb:IFRS
|
| gptkbp:bfsLayer |
5
|