IFRS 1 defines what a first-time adoption to IFRS is and provides transition guidance for companies presenting financial statements under IFRS for the first time.
Analysis of IFRS 1, First-Time Adoption provides expert insights and viewpoints. A large number of illustrations were also incorporated in the form of abstracts from first-time adopters’ disclosures. These illustrations provide useful, practical examples of the choices and disclosures made by other IFRS preparers. They also provide users with an idea of the effects of first time adoption on the financial statements of a number of listed companies.
WG&L's Analysis of IFRS 1, First-Time Adoption also provides memos to save users time when providing management or internal or external clients with an overview of issues directly related to the first-time adoption of IFRS.