Foreign Exchange Rates (IAS 21) (On-Demand) 2019
This self study course addresses the requirements of IFRS 1, First-Time Adoption of International Financial Reporting, including requirements, purpose, and exemptions.
Determine 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.
- Purpose and Scope.
- Transactions (for example, share-based payments; leases; foreign currency translation differences; and investments in subsidiaries, associates, and joint ventures).
- Disclosure requirements
CPE Field of Study
Who Should Attend
Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS
Familiarity with financial reporting and accounting principles under IFRS.