First Time Adoption of IFRS

IFRS 1 i.e. First Time Adoption of IFRS is the guidance that is applied during the preparation of a company’s first time IFRS based statements. IFRS 1 was created to help companies easily convert to International Standards and provides practical...

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Difference between IFRS Conversion and IFRS Adoption

The use of IFRS (International Financial Reporting Standards) is becoming so widespread that it has already been applied in over a 100 Countries which includes the likes of European Union, Hong Kong, Australia, South Africa, Russia and Singapore amongst others....

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