Скачать или смотреть IFRS 1 First-Time Adoption of Standards

It consists of extensive excerpts from *IFRS 1 First-time Adoption of International Financial Reporting Standards**, which establishes the requirements for entities transitioning from local accounting standards (**previous GAAP**) to **IFRS Accounting Standards**. The document details the **objective and scope* of IFRS 1, emphasizing that first-time adopters must prepare an *opening IFRS statement of financial position* using the IFRSs effective at the end of their first reporting period. Crucially, the standard outlines various *mandatory exceptions* to the retrospective application of other IFRSs and numerous *optional exemptions**, such as using **deemed cost* for certain assets like property, plant, and equipment. The text also includes a long history of *amendments* to IFRS 1 since its issuance in 2003, reflecting updates from subsequent IFRS standards, along with the required *presentation and disclosure* requirements, including specific reconciliations between previous GAAP and IFRS equity and comprehensive income.