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IFRS: The Starting Point (IFRS 1)

Publisher: AICPA
Availability: Online Access
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AICPA's IFRS Certificate Program

This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.

The purpose of this course is to familiarize you with the guidance described in IFRS 1, First-time Adoption of International Financial Reporting Standards. IFRS 1 applies when an entity adopts IFRS for the first time. The standard outlines the guidelines for when to use IFRS 1, exemptions and exceptions for first-time adoption, and presentation and disclosure requirements.

Learning Objectives
When you complete this course you will be able to:

  • Determine whether an entity qualifies as a first-time adopter of IFRS under IFRS 1.
  • Understand how the key dates in IFRS 1 affect IFRS 1 financial statement preparation.
  • Identify IFRS 1 mandatory exceptions.
  • Describe the pros and cons of electing IFRS 1 optional exceptions.
  • Understand IFRS 1 disclosures.

Prerequisites: None

Advance Preparation: None

Note: Accessible immediately after completing the purchase process on

NASBA Field of Study: Accounting
Level: Basic
Recommended CPE Credit: 1.5
IFRS: The Starting Point (IFRS 1)
IFRS: The Starting Point (IFRS 1)
CPE On-Demand
Product# 159776
Availability: Online Access 1 Year
For registered users only
AICPA Member:$50.00
Your Price:$70.00
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