First-Time Adoption of IFRS (IFRS 1)

Format

Course - Online

Duration

Addresses the requirements of IFRS 1, First-Time Adoption of International Financial Reporting,

Learning outcomes

• Recognize whether an entity qualifies as a first-time adopter of IFRS.
• Identify the date of transition to IFRS.
• Identify mandatory and optional exemptions under IFRS 1.
• Recall the disclosures required by IFRS 1.

£19.00 (CIMA members only)

£20.00

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Product information

Overview

This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today’s global business environment. This self study course addresses the requirements of IFRS 1, First-Time Adoption of International Financial Reporting, including the following:

• Purpose and scope • Transition • Exemptions • Transactions (for example, share-based payments; leases; foreign currency translation differences; and investments in subsidiaries, associates, and joint ventures) • Disclosure requirements

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program.

Who should take this course?

• Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
• Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS

Professional development

This Course - Online offers 1 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Prerequisites:	None
Duration:	1h
Format:	Course - Online
Access:	This is a digital product. You will have access to the content for a year after purchase date.

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