CPE Self-Study

IFRS: The Starting Point (IFRS 1)

Publisher: AICPA
  • $50.00-$70.00
    IFRS: The Starting Point (IFRS 1) Availability : Online Access Product #: 159776
    AICPA Member: $50.00
    Non-Member: $70.00
  • Contact Sales
    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-ICERT2IFRS1

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

Upon completion of 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

Prerequisite: None

Advance Preparation: None

System Requirements

About the Publisher


About the AICPA
The American Institute of CPAs (AICPA) is the world's largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.