IFRS 1 First-time Adoption of IFRS

Overview

Upon completion of this module you will be able to define the underlying principle of IFRS 1, classify whether financial statements qualify for first IFRS financial statements or not, distinguish different dates while presenting first IFRS financial statements, identify mandatory exceptions from full retrospective application, identify optional exemptions from full retrospective application, define specified presentation and disclosure requirements.

Topics covered in the e-learning:

• Objectives and scope

• First IFRS financial statements

• Accounting policies

• Mandatory exceptions

• Optional exemptions

• Presentation and disclosure

This e-learning course takes approximately 80 minutes to complete, and as such, it can provide 1.5 learning hours – 1.5 CPD points based on a 50-minute hour. Upon completion of this course, you can print the certificate of completion as an evidence that you undertook the course.

In case you need CPA CPE credit points, please contact us for the certificates.

Further information:

• Training hours: 80 minutes

• CPD: 1.5

• Language: English

• Topics: IFRS, Reporting
• Sector: Corporates

• Training method: E-learning

• Type: Single course

• Geographic relevance: Global

This e-learning course is part of an e-learning series designed by PwC’s Academy Hungary which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (local) accounting and reporting processes.