IFRS: The Starting Point (IFRS 1)

Financial accounting & reporting

Course

IFRS: The Starting Point (IFRS 1)

Instructor: AICPA Professional Development Staff

  • Format

    Course - Online

  • Level

    Basic

  • Duration

    1.5 hours

The purpose of this course is to familiarise you with the guidance described in IFRS 1, First-time Adoption of International Financial Reporting Standards. IFRS 1 applies when an entity adopts IFRS for the first time.

Learning outcomes

  • Determine whether an entity qualifies as a first-time adopter of IFRS under IFRS 1
  • Understand how the key dates in IFRS 1 affect IFRS 1 financial statement preparation Identify IFRS 1 mandatory exceptions
  • Describe the pros and cons of electing IFRS 1 optional exceptions
  • Understand IFRS 1 disclosures

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Product information

Overview

The purpose of this course is to familiarise you with the guidance described in IFRS 1, First-time Adoption of International Financial Reporting Standards. IFRS 1 applies when an entity adopts IFRS for the first time.

The standard outlines the guidelines for when to use IFRS 1, exemptions and exceptions for first-time adoption, and presentation and disclosure requirements.

Who should take this course?

  • Accounting and finance professionals who perform audits or prepare financial reports and work in the following areas: * Multinational organisations * US-based subsidiaries of foreign parent corporations * US-based parent companies with international subsidiaries that have adopted IFRS * Public companies * Large private companies * Public practice who serve private, public or international companies with audit, preparation, or advisory service

Professional development

This Course - Online offers 1.5 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Field of study: Accounting
Prerequisites:Familiarity with financial reporting and accounting principles under IFRS
Programme level:Basic
Duration:1.5 hours
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Instructor

  • AICPA Professional Development Staff